Aptos Based Token LaunchPad To Raise $2M In SAFT

AptosLaunch, an upcoming crypto startup, offers the much-needed platform for Aptos based projects to launch their tokens before getting listed on an exchange.

The startup initially sought to raise $1.8 million through a simple agreement for future tokens (SAFT) involving AptosLaunch’s native ALT token. However, it ultimately received commitments of more than $18 million. The firm is currently deciding which investors to finalize for the sale while still trying to keep close to its initial aim, according to the sources.

Founding Team

According to a project summary document retrieved, three anonymous founders known only as PC, ProfessorZundapp, and Loco founded AptosLaunch in September.

Aptos Blockchain

Aptos, the blockchain on which AptosLaunch is built, is a new Layer 1 blockchain co-founded by Mo Shaikh and Avery Ching, both former employees at Meta and worked on the Diem blockchain. Aptos launched its mainnet late last month.

Aptos has over 65 projects active across various verticals. A number of new Aptos-based projects like Thala Labs, Martian and Souffl3 have also raised funds in recent weeks.