What is Aptos blockchain and How to Buy APT?
It’s been a common question among the crypto communities. Since we have more than 30K+ actively traded coins, one or more of them would be skyrocketing on each given day. Aptos has been such talk of the town recently. Hence I am putting together this small guide to buy APT from Binance.
Introduction to Aptos Blockchain
Aptos is a new and advanced Layer 1 blockchain platform built on a proof-of-stake (PoS) framework. It features the unique Move programming language, originally crafted by engineers from Meta’s former Diem blockchain project. Move is designed for safety and reliability, harnessing the power of Rust, a popular programming language.
The aim of Aptos is to pave the way for widespread web3 usage and to support a thriving community of decentralized applications (DApps) that address real-world challenges.
Thanks to its innovative architecture, Aptos boasts a remarkable potential for high transaction speeds, with the ability to process over 150,000 transactions per second by executing them in parallel.
In its early stages, Aptos secured a $200 million seed investment led by renowned venture capital firm Andreessen Horowitz, also known as a16z, in March 2022. This round also saw contributions from other major names in crypto investment, including Tiger Global and Multicoin Capital. A few months later, in July, Aptos further attracted $200 million in Series A funding from several prominent firms like Dragonfly, Apollo Global, and Franklin Templeton, as well as gaming and web3 company Animoca and crypto firm Jump Crypto, among others.
Following this, in September, Binance Labs made a strategic and undisclosed investment in Aptos.
The blockchain officially launched its mainnet on October 18, 2022, following the project’s genesis event on October 12, 2022, marking a significant milestone in the journey of Aptos.
Aptos Tokenomics
Before purchasing APT tokens, it’s important to understand its circulation and total supply.
Total supply: 1,076,955,327 APT
Current Supply [as of 01/22/2024]: 336,004,242 APT
Comparable Projects
Sui Blockchain is akin to other innovative blockchain projects like Diem, SUI.
Purchasing APT on Binance: A Step-by-Step Guide
1. Creating a Binance Account
— Visit Binance’s website.
— Click on ‘Register’ and fill in your details.
— Complete the verification process for security.
2. Depositing Funds
— Log in to your Binance account.
— Navigate to ‘Funds’ and select ‘Deposit’.
— Choose to deposit fiat currency like USD or cryptocurrencies like BTC or ETH.
— Follow the on-screen instructions to complete your deposit.
3. Trading for APT
— Once your deposit is complete, go to the ‘Spot’ section.
— Search for the APT trading pair with the currency you’ve deposited (e.g., APT/USD, APT/BTC, APT/ETH).
— Choose the type of order (e.g., market, limit) and enter the amount of APT you want to buy.
— Review and confirm your order.
Conclusion
Buying APT on Binance is a straightforward process. Remember to stay informed about Aptos’ latest developments, understand the risks involved in cryptocurrency trading, and consider the long-term potential of your investment. Always prioritize the security of your assets, and enjoy exploring the innovative world of Aptos Blockchain.
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**Disclaimer:** This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risks, and it is advised to conduct your own research or consult a financial advisor before making investment decisions.
