Conspiracy Principle: Regardless of not being prepared, FTX pressured Aptos to launch early in a final ditch effort to avoid wasting themselves.
I made [this](https://np.reddit.com/r/CryptoCurrency/feedback/yf9vkh/pretty_much_all_the_major_analysts_have_warned/) publish a couple of weeks in the past, earlier than the FTX collapse. I detailed a lot of points relating to its very unsuccessful launch. One factor talked about was its heavy funding from FTX.
We all know that the blockchain actually was not able to launch – the failed NFT mints, tokenomics schedule not printed, and poor TPS ranges and many others…
Now that we have seen what was actually taking place at FTX, I’ve bought a brand new idea on why the Aptos launch was a dismal failure. And that is absolute hypothesis. No proof. Take with a lot of grains of salt.
So now I feel FTX pressured them to launch within the hope that the worth of the chain would go up they usually might use it to cover a few of their collateral losses on FTT. Possibly they thought they may presumably get away with it for one more 12 months.
The truth that the tokenomics had been so troublesome to come back by main as much as the launch suggests two issues to me – they weren’t really confirmed but. Possibly FTX wished to change the unique settlement. How a lot affect did they actually have? Possibly they secretly wished to have the ability to dump a few of it sooner than initially agreed to.
I ponder if the tokenomics had been being created in collaboration with FTX in a bid to rig their capacity to unload early, a swift change was made for a one 12 months token unlock that won’t have been within the
Regardless of solely launching one month in the past, the primary VC token unlock for Aptos is lower than a 12 months away. FTX wouldn’t have been allowed to promote any Solana till a 12 months after that.
TLDR: Possibly FTX rigged the Aptos token unlock to dump on retail to cowl their losses.
11 thoughts on “Conspiracy Principle: Regardless of not being prepared, FTX pressured Aptos to launch early in a final ditch effort to avoid wasting themselves.”
I wouldn’t be surprised if this is true. SBF knew what was coming and might’ve gotten away with it for a bit longer but the moment Alameda’s balance sheet was leaked it was game over. CZ’s tweet was just the final nail in the coffin.
It’s entirely possible they saw the writing on the wall and had a plan to drain out, but then the CZ wildcard happened and got caught with their pants down (shame about the fake tape leak).
Instead of hoping it was successful, it is much more likely they planned to dump their massive stack on retail and short the market. We now know trading against their customers wasn’t a conspiracy, it was part of their core business plans.
No way to confirm any of this unless some Aptos insider chooses to say something, but it’s not entirely out of line with what we now know about FTX practices.
That’s a theory I can get behind for once.
But let’s be honest, Aptos was a VC coin that was always doomed. It was always gonna dump hard at launch and there wasn’t enough hype to then go back up
Just like wall street trying to buy another day.
Aptos launch was a failure?
Their list of acts is long… this wouldn’t surprise me
Blockchains launch before they’re ready. It’s what they do. All of them.
Aptos was never going to succeed because it was repackaged Diem which was repackaged Libra which was just ZuckBucks.