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Brendon Lim
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APT now available on Coinhako

APT now available on Coinhako

We are thrilled to share that Aptos (APT) is now listed on Coinhako!

What are Aptos and APT?

Aptos is a Layer-1 blockchain designed to be scalable, safe, and reliable. The Aptos genesis took place on October 12, 2022, while its mainnet “Aptos Autumn” launched on October 17, 2022. The key features of Aptos are a parallel execution engine, low transaction costs, and high-level security features. 

APT is the native token of the Aptos blockchain and is primarily used to pay for transaction and network fees on its platform. Users that have APT staked can participate in transaction validation. It is also a governance token used for voting on upgrades and proposals to the protocol and on/off-chain processes. 

APT maintains a maximum supply of 1,091,203,475 and has traded for USD $19.90 at its peak. 

🚀 View APT prices on Coinhako now

How does Aptos work?

Aptos uses the Move smart contract language developed by Meta's Diem team. It implements a parallel execution engine called Block-STM to boost transaction throughput to 160,000 tps. It also adopts a modular transaction processing approach for high throughput and low latency, featuring components like smart contracts, consensus mechanisms, parallel processing, client interfaces, and validator management. 

The consensus mechanism of Aptos combines the Byzantine Fault Tolerance (BFT) and Proof of Stake (PoS) approaches. The network includes full nodes replicating transactions and light clients maintaining validators while ensuring flexibility, security, and reliability in processing transactions to meet user needs effectively.

Why does Aptos stand out?

Aptos uses Move's object model to represent the ledger state. Move, a smart contract language that prioritizes safety and flexibility using Move modules. Users submit transactions to publish new modules or upgrade existing ones, execute entry functions, or interact with public interfaces. 

The ecosystem includes a compiler, virtual machine (VM), and other tools for developers. The language emphasizes resource scarcity, access control, and bytecode verification for type and memory safety. Move Prover verifies program correctness against specifications. Aptos has enhanced the language for Web3 use cases. 

The ledger state in Aptos is defined as all accounts versioned by an unsigned 64-bit integer. Transactions modify the ledger state and output write sets containing events, gas consumption, and transaction status information. Transactions include authenticator details, sender address, payload, gas details, sequence number, expiration time, and chain ID. 

Move supports global addressing of modules and data natively without conflicts in parallel execution. Each module contains bytecode declaring structs as data types within a unique module name per account. Modules are grouped into packages published by account owners on the blockchain with metadata indicating upgradability or immutability. Entry point functions cannot be altered in upgradable packages while new functions/resources can be added but not stored in memory.

What can you do with APT on Coinhako?

APT will be available for users to trade across all swap pairs on Coinhako.

To gain access to any of these trading pairs, you can either:

  1. Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
  2. Purchase APT instantly with Visa / Mastercard 

Please note that the sending and receiving of APT will not be available for this release.

Risk Warning on Digital Payment Token Services

Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

  1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

Visit: Coinhako.com/risk-disclosure for more information.