Top Exchange Launches Perpetual Contract, Fund To Support Aptos

OKX Blockdream Ventures, the investment arm of crypto exchange OKX, on Tuesday said it will launch a $10 million fund to support projects on the Aptos ecosystem. Moreover, the OKX crypto exchange is second after Binance to list APT perpetual contracts. The Aptos Layer-1 blockchain aims to solve the problems of Ethereum and Solana, claiming to handle 130,000 transactions per second.

OKX Plans Extended Support for Aptos Developments

Crypto exchange OKX announced listing the Aptos (APT) token for spot trading earlier today. OKX extended further support to the Aptos after OKX Blockdream Ventures announced $10 million in support for projects on the Aptos Layer-1 blockchain.

The fund will provide financial and comprehensive support for projects developing on the Aptos blockchain. In fact, it will help startups and entrepreneurs establish strategic partnerships and connect with customers, investors, consultants, and buyers. Also, it will assist improve products and services.

Moreover, OKX Blockdream Ventures will promote projects on trading platforms. It will also provide entrepreneurs with essential resources around the world.

Dora Yue, the founder of OKX Blockdream Ventures, looks to provide further support to companies and projects to build on the Aptos blockchain.

“We are delighted to partner with Aptos and look forward to working together to empower high-quality projects while supporting their development.”

The crypto exchange OKX also announced listing APTUSDT perpetual contract on October 19. The second after Binance to announce APT perpetual contracts. Meanwhile, Aptos has asked crypto exchanges to delay perpetual contract listing to at least two weeks. The APTUSDT perpetual contract on OKX is offered with a leverage of 0.01 to 75x.

Aptos (APT) Token Grabs Strong Attention

Crypto exchanges raced to list the Aptos (APT) token after Aptos announced the availability of the APT token. However, the lack of tokenomics raised concerns over the benefits it holds for investors. After a leak, the Aptos Foundation released details on tokenomics. According to the report, 51.02% of APT tokens are allocated to the community, 19% to core contributors, 16.50% to the foundation, and 13.48% to investors.

Currently, Binance, FTX, Coinbase, OKX, Huobi, and other major exchanges have announced listing the APT token for spot trading.