[DigitalToday reporter Chi-gyu Hwang (황치규)] Aptos is set to overhaul the APT token economy. Cointelegraph reported on Feb. 19 that Aptos plans to cap APT supply at 2.1 billion tokens, cut staking rewards and raise gas fees tenfold. APT currently has no fixed total supply, with ongoing issuance supporting development, grants and staking rewards.
Under the proposed overhaul, annual staking rewards would fall to 2.6 percent from 5.19 percent, with greater rewards offered to long-term stakers. It plans to raise gas fees tenfold to increase network usage costs and accelerate APT burning. Aptos said that even after a gas fee increase, the cost of stablecoin transfers remains at 0.00014 dollars, still at the lowest level in the world.
Aptos is also pursuing a plan to stake 210 million APT on the network and lock them permanently. This would have effectively the same impact as burning tokens, and rewards would be used as operating funds for the foundation.
Aptos plans to strengthen performance-based KPIs so that tokens are issued only when stricter standards are met.
Chi-gyu Hwang
delight@d-today.co.kr