Aptos reportedly approves 2.1 billion APT supply cap in tokenomics overhaul
Crypto.news says the changes aim to make APT scarcer, with 210 million APT already permanently locked and about 1.8 million tokens burned.
TLDR
Crypto.news reports that Aptos approved new tokenomics aimed at making APT scarcer. The overhaul caps supply at 2.1 billion APT, raises gas fees tenfold, cuts annual staking rewards to 2.6% and burns all gas fees. The outlet also says 210 million APT has been permanently locked and about 1.8 million tokens have already been burned.
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