21 October, 2022 | 11:24 AM

20 million tokens are distributed via airdrop by Aptos Foundation to its initial testnet users.

20 million tokens are distributed via airdrop by Aptos Foundation to its initial testnet users.

The company claimed that approximately 110,235 eligible participants received 20 million APT tokens via airdrop.

On October 18, the Layer-1 blockchain company Aptos Foundation made the announcement that it had given away free APT tokens to its early network participants.

The foundation announced that it had distributed approximately 110,235 eligible participants 20 million APT tokens, or 2 percent of its initial supply of 1 billion APT.Based on the market price of the token at the time of the drop, the value of the airdropped tokens was estimated to be between $200 and 260 million USD.
The blockchain company said that two categories of people qualified for the airdropped tokens:Users who "minted an APTOS:" and "users who completed an application for an Aptos Incentivized Testnet"Zero testnet NFT (non-fungible token)These NFTs' original minters were the only ones eligible, not their current or secondary owners.
The company stated that the only way to claim Aptos tokens was through the official Aptos Community page, with additional information available in the eligibility email the company sent out.To avoid being conned, they advised users to exercise extreme caution and only rely on official channels and sources.
The first airdrop of Aptos Foundation tokens to its community comes at a time when the project has been the subject of intense Twitter scrutiny from crypto enthusiasts.

Paul Fidika, a Solana Blockchain developer who is alleged to have worked on Aptos staking, made a number of tweets claiming that the project had "Dodgey tokenomics" and "Fake POS."

Mo Shaikh and Avery Ching, both of whom were involved in Mark Zuckerberg's failed Diem blockchain project, created Aptos.Meta sold its intellectual property and other assets in February of this year, ending Diem.
With additional participation from Andreessen Horowitz, Apollo, Franklin Templeton, and Circle Ventures, Aptos closed a $150 million funding round in July. The round was co-led by venture studios FTX Ventures and Jump Crypto.Bloomberg reports that the startup's valuation, which was over $1 billion as of March, was more than doubled thanks to the funding round.