The company said it distributed 20 million APT tokens to approximately 110,235 participants who met the requirements and fulfilled all conditions.
Tier 1 blockchain company Aptos Foundation announced that it has awarded its test network participants with APT tokens.
The 20 million APT tokens are 2% of a total offer of 1 billion APTs and were sent to approximately 110,235 eligible participants.
The value of the tokens is estimated at around USD 200-260 million, based on the market price at the time of issuance.
According to the blockchain company, two categories of users were eligible to receive the tokens:
“Users who completed the Aptos Incentivized Testnet application” and users who minted “APTOS: ZERO testnet (non-interchangeable token, or) NFT”.
Only those who originally mapped these NFTs were eligible, not their secondary holders.
The company has warned that Aptos tokens can only be obtained through the official Aptos community page, with additional information provided in emails sent from the company’s official address. The team asked users to exercise extreme caution and trust only official sources and channels to avoid being duped.
Aptos was founded by former Meta* employees Mo Shaikh and Avery Ching, who were involved in Mark Zuckerberg’s blockchain project Diem. Diem was shut down in February this year and Meta sold its intellectual property and other assets.
In July, Aptos closed a $150m funding round led jointly by venture capital funds FTX Ventures and Jump Crypto, with Andreessen Horowitz, Apollo, Franklin Templeton and Circle Ventures. According to Bloomberg, the funding round more than doubled the startup’s valuation, which stood at more than $1bn as of March.