Newly launched blockchain Aptos shared an clarify of their tokenomics, sparking an outcry from plenty of crypto traders who called it “thought to be some of the worst token distribution schemes.”

Following the launch of the Aptos mainnet, enterprise proponents criticized Aptos Labs for no longer sharing little print of their proposed token allocation blueprint. Some traders took intention at crypto exchanges Binance and FTX for checklist the blockchain’s native APT token without publishing any insight on how tokens would possibly perchance be disbursed.

On Oct. 18, Aptos shared an overview of their tokenomics with guarantees to raise a “complete clarification and values” within the reach future. As per the document, Aptos has an preliminary complete supply of 1 billion APT tokens, of which 19% will be dispensed to core contributors, 16.50% to the Aptos Foundation and 13.Forty eight% to its traders.

This leaves 51.02%, or over 510 million tokens, to be disbursed to the community. Nonetheless, Aptos said that these tokens will be disbursed over a 10-365 days duration upon the completion of particular milestones. This vogue that of the 510 million tokens reserved for the community, 41% is currently held by the Aptos Foundation and 10% is held by Aptos Labs.

“The only blueprint coins score into ‘the community’ (lol) is through arbitrary basis distributions,” tweeted Polychain founder Olaf Carlson-Wee.

“So all the availability is managed by a forms that would possibly even grant the coins one-by-one. it’s also proof of stake so current coins can not be earned by actors open air this distribution blueprint I would admire to listen to an clarification from any one who thinks this score is moral,” he added.

Many crypto traders interpreted the preliminary coin distribution to unfairly again the venture capitalists that invested within the venture and the Aptos personnel itself.

“You honest appropriate raised $350M. Why discontinue you’d like to present yourselves one more $500M worth of tokens that you’re going to in the end dump again on the community? Greed,” wrote pseudonymous crypto trader Kaleo on Twitter.

Later within the day, the Aptos Foundation launched an airdrop to early network participants where a complete of 20,076,150 APT tokens will be airdropped to 110,235 users. Serene, a desire of users reported being unable to insist their airdropped tokens due to the an “surprising error.”