Why does Aptos Labs want Binance to stop listing its cryptocurrency, APT?
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Answer Why does Aptos Labs want Binance to stop listing its cryptocurrency, APT?
After the accidental leak of the APT token, reports emerged that the team is asking big crypto exchanges like Binance to stop listing APT perpetual contracts.
Earlier on Tuesday, South Korean cryptocurrency exchange Upbit unexpectedly leaked APT.
Binance has already announced the listing of its perpetual APTUSDT contract on October 19.
In this context, the Aptos Labs team is said to have tried to persuade Binance to stop the listing on an urgent basis.
Today is the listing date:
Some of the major cryptocurrency exchanges have announced the inclusion of the Aptos (APT) digital currency.
These platforms include:
Read:The CEO of Binance denies saying he is seeking funds from the Middle East for the recovery fund
Binance, FTX, Coinbase, Huobi, and OKX.
Although some of these platforms have yet to announce a listing date, Binance has already announced the timeline for doing so.
In her announcement, I told Binance announced that it will launch permanent APT cryptocurrency contracts today, October 19.
Meanwhile, cryptocurrency market curator Colin Wu tweeted:
The Aptos Labs team is in urgent contact with Binance to halt the listing.
“Aptos has asked major trading platforms not to list the perpetual contracts within two weeks, but Binance has already announced that the APTUSDT perpetual contracts will be listed on October 19.
Aptos is trying to persuade Binance to urgently stop listing contracts.
What is the Aptos (APT) digital currency?
Aptos is a Proof of Stake-based Layer 1 blockchain developed by Aptos Labs founded by the core shareholders of Diem.
A leaked PDF report exposed APT’s digital tokens and revealed details about the distribution of ownership of the cryptocurrency.
Up to 51.02% of APT digital tokens are allocated to the community, while 19% are allocated to primary shareholders, 16.50% to the company, and 13.48% to investors.
The project was launched on October 12, and the total Aptos Initial Coin Offering (APT) was estimated at 1 billion APT.
Before the number and distribution of digital tokens were leaked, one analyst at the cryptocurrency market “Kobe” wondered how trading platforms such as FTX and Binance could list Aptos without any transparency, adding:
Surely this should be a prerequisite
Users have the right to receive basic information about what they are buying.
What is certain today is the high volatility that the APT digital currency will witness, as there is a huge media momentum around it and about its inclusion and great interest in it by traders hungry for volatility, especially in light of the current market conditions.
But it is dangerous and we recommend caution and entering only an amount that does not affect in the event of losing most of it.
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