The 'Solana Killer' Aptos is looking very suspicious. Be wary.

Welcome to the land of 'Solana Killers.' Here you have Bitgert, Solana (lol), and Aptos.

Aptos claims to be a next-generation L0 Omni-chain (like Cosmos) that will crush Solana in terms of tx speed and network resilience. And while network resilience isn't a difficult thing to beat Solana in, they started with 102 validators (of which none are community-run and all are monitored by Aptos Labs) and the community only has access to 51% of all tokens, which will be unlocked slower than the early investors and the Foundation/Labs.

Distribution Schedule - moshaikhs on Twitter

Aptos has not disclosed the original price early investors paid for each APT token in early funding. Their distribution chart is also heavily flawed and lacks current data and is instead based on estimates of how the community will stake their APT.

Image from https://nitter.net/BenjaminSinger8/status/1582294078796226560/photo/2

Why does the Aptos tokenomics breakdown not include the "staking rewards" as its component when the chart clearly does? Is the "remaining 1/120" unlocking every month coming from community or from staking rewards? This is not a thorough breakdown imo. Please try again.

FTX, Binance, and Coinbase are listing APT tomorrow and already clearly own it, but are marketing APT as though they were sold to them by the community. This is impossible as there was no ICO/crowd sale. And while Aptos claims to have a theoretical 160,000 TPS, Aptos' current TPS is about 24 according to their explorer. Their 102 validators can very quickly take over the network as there are a few validators that hold over 66% of the stake.

Aptos Labs was created by former Diem (Meta/Facebook crypto project) employees and is pretty much a renamed Diem network, as its tech is mostly based on Diem. Aptos Labs was hit with a lawsuit in May claiming Aptos' co-CEO Mo Shaikh deprived a partner of their rightful share. Aptos' lawyers are looking to have the case dismissed.

$APT has crashed from $13.73 at its launch (9:03PM EST) to $8.42. It crashed by 20% while writing this.