A Comprehensive Guide
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How Aptos (APT) Works
Aptos is a first-layer PoS blockchain that uses a new smart contract programming language called Move based on Rust. The main goal of Aptos is to deliver a blockchain that will help bring web3 to the general public and empower the dApps ecosystem.
Aptos (APT) is the project's native token, which is also a utility and governance token. It is based on the Aptos token standard, which means it is interoperable and uses a standard implementation that enhances interactions within the Aptos ecosystem.
“Aptos focuses on facilitating liquidity by defining fungible, semi-fungible and non-fungible tokens (NFTs) in a single, smart contract.”- Bitfinex. This is what allows you to store, transfer and make transactions with tokens, as well as achieve general interoperability in the Aptos ecosystem. The APT token can be purchased on leading cryptocurrency exchanges such as Binance, Coinbase, KuCoin, Kraken, Huobi, OKX, and others, as well as DEXs such as PancakeSwap and LiquidSwap.
APT tokens also allow rich on-chain properties, which means users can configure and define token properties that can be easily stored on-chain. On top of this, the Aptos token standard helps reduce resource usage, resulting in lower costs for creating a large number of NFTs or other tokens. This allows tokens to reuse metadata on-chain for certain fungible tokens.
As such, Aptos (APT) is an integral part of the Aptos ecosystem and offers unique features specific to the Aptos token standard.
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What Makes APT Unique?
Since Aptos provides liquidity by defining fungible, semi-fungible and non-fungible tokens in one smart contract, it helps not only to store, but also to make various transactions with tokens. In addition, the token helps with achieving overall interoperability in the Aptos ecosystem. Another unique feature of APT is that it uses the Aptos token standard to help reduce the cost of creating new NFTs or other tokens.
What APT Is Used For?
Since APT is based on the Aptos token standard, it is used to improve interaction within the Aptos ecosystem. Besides, APT also provides users with the ability to configure and define token properties that can be easily stored on the chain.
On What Blockchain Is APT Built?
APT token is built on Aptos layer-1 blockchain, created by more than 350 programmers to become the foundation of Web 3.0 development in the future.