What is Aptos and how to start trading Aptos on ProEX

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Last Updated on October 30, 2022 by Bitfinsider

What exactly is Aptos?

Aptos is a planned Layer 1 distributed ledger that leverages the Move programming language. The cryptocurrency offers improved scalability, dependability, security, and usability for its users.

Aptos is still in the earliest planning stages. It has not yet created Aptos coins or released an official white paper. Despite this, crypto experts are already discussing the Aptos blockchain, which has raised millions of dollars from investors. Aptos will be a Layer 1 blockchain constructed using Move, a Rust-based programming language. A parallel execution engine, high-level security measures, and minimal transaction costs are among the planned features.

Due of its unique history, the Aptos blockchain is generating all this buzz. The blockchain is based on the recently abandoned Diem blockchain proposal from Meta. Diem engineers are creating the Aptos cryptocurrency, which will utilize the programming language originally designed for Diem. It will continue to prioritize Diem’s original objective of developing a scalable, quick blockchain. Moreover, it intends to provide other features that will make the cryptocurrency more accessible to normal consumers.

Who Is Aptos Labs?

Aptos Labs is the group responsible for the Aptos project. Co-founders Mo Shaikh and Avery Ching are currently in charge of a broad group of developers, engineers, and strategists.

Shaikh and Ching worked together on the Diem blockchain project at Meta, where they met. Shaikh has experience in the private equity and venture capital industries, and excels in scaling products. During this time, Ching was one of the top software engineers at Meta and has previously led numerous exciting and innovative development projects. When Meta decided to abandon the Diem project, Shaikh and Ching opted to establish Aptos Labs.

The motto of Aptos Labs is “Building a Layer 1 for everyone.” The organization is committed to developing the most secure and dependable network available. Even though they’ve only existed for a short period, their mission has already garnered significant support. Aptos Labs has successfully raised over $350 million in two funding rounds, deployed its developer testnet, and processed millions of transactions and thousands of nodes.

What makes Aptos distinctive?

If you’re a frequent reader of crypto-related news, Aptos crypto may sound somewhat familiar. Many new blockchains claim to be innovative Layer 1s that will address all scaling issues, which is undoubtedly true. Although it’s natural to approach Aptos with a degree of skepticism, the destination does merit its reputation. The Aptos blockchain is distinguished by its very active community, abundance of investors, and access to unique engines and programming languages. If it lives up to its claims, it will be quite distinct from existing Layer 1 chains.

Why Do VCs Pay Attention to Aptos?

This year marked the debut of the Aptos blockchain, but it is already receiving substantial money. In March of 2022, Aptos accepted its first significant round of investments. A total of $200 million was contributed by several prominent venture capital firms, including a16z Crypto, Multicoin Capital, Hashed, Tiger Global, Three Arrows Capital, FTX Ventures, and Coinbase Ventures. In June, Aptos received an additional $150 million from FTX Ventures and Jump Crypto. Previous investors, including a16z crypto and Multicoin Capital, have participated in various investment rounds.

Is Aptos an Worthy Investment?

Should you immediately join the other venture capital firms and invest in the Aptos blockchain? Aptos appears to be one of the most trustworthy crypto enterprises of 2022. Obviously, no project is infallible, and nobody can examine Aptos in its entirety until it actually launches. However, based on what is currently known about Aptos, it appears to be a sound investment.

Multiple variables combine to make Aptos crypto appear to be an excellent investment option. Initially, the endeavor is a continuation of a Meta-founded initiative that was already producing positive results prior to its cancellation. In addition, the developers working on it are skilled, highly-trained individuals who have previously worked on fascinating projects. Aptos has demonstrated that it can back up its claims with its excellent TPS rates during testing, in addition to its star-studded crew.

Aptos distinguishes itself from the swarm of Layer 1 initiatives due to its distinct design that separates consensus from execution and its use of Move as a programming language for increased security. Armed with this momentum of VC interest and an experienced ex-Diem team, Aptos has a bright future as it strives to completely roll out its launch plans and attain widespread adoption in the crypto industry as the most rapid and secure Layer 1 project to date.

Are you Ready to Trade Aptos on ProEX?

3 Simple Steps to Buy Aptos on ProEX

  1. Sign up and register an account on ProEX
  2. Buy USDT via ProEX One-click Buy
  3. Trade APT/USDT at ProEX Spot

Why Trade on ProEX?

ProEX is the world’s leading multi-contract trading platform, provides bitcoin and various cryptocurrencies, perpetual contract trading, ETF and other digital asset trading functions, Staking Pool services. 

ProEX is committed to creating a better trading environment for our clients, ProEX has got MSB certificate(Money Services Business) from the United States and Canada, the USA MSB license was issued by FinCEN after being rigorously reviewed by the Financial Crimes Enforcement Bureau, an agency of the US Department of the Treasury.

Start Trading on ProEX; We got your handling fee!

ProEX will host the “Crypto Newbies, We got your handling fee” event. For all new users, when you deposit greater than the specified amount, you can get a fee reduction for the spot trading; there are also additional bonuses! After you receive the first reward within the 14 days, as long as the total trading volume is greater than the specified amount, an additional futures fund will be given to you. All new users are welcome to claim the reward ! 

When you open an account on ProEX, complete KYC and deposit your first transaction, you will receive corresponding fee reductions and after completing the 14-days challenge, you will receive another reward.

Event Details & Rewards

The challenge and reward is as follows:

Event Rules:

1. The spot trading handling fee reduction will be calculated once a week; the settlement date is 10/07, 10/14, 10/21, 10/28, and users who deposit on the 29th to 31st will be settle before 11/04.

2. ProEX will send a letter to notify the users who have received the handling fee reduction one day before the day we set your reduction.

3. Users who receive email notifications need to reach the specified total transaction volume within 14 days to be eligible for rewards.

4. All users need to pass ID verification in order to be eligible for the reward.

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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.