5 months ago 1 min read

An Aptos-based Token Launch Pad Will Raise $2 Million in SAFT


An upcoming cryptocurrency firm called AptosLaunch provides the much-needed platform for companies located in Aptos to launch their coins before being published on an exchange.

Through a simple agreement for future tokens (SAFT) utilizing AptosLaunch's native ALT token, the business initially aimed to raise $1.8 million. However, it ultimately secured more than $18 million in promises. According to the sources, the company is currently deciding which investors to finalize for the sale while still attempting to stick to its original goal.

Three unidentified founders known only as PC, ProfessorZundapp, and Loco created AptosLaunch in September, according to a project summary document that was retrieved.

Mo Shaikh and Avery Ching, both former workers at Meta who worked on the Diem blockchain, co-founded Aptos, a new Layer 1 blockchain on which AptosLaunch is based. Late last month, Aptos launched its mainnet.

Over 65 projects across various industries are now active at Aptos. In recent weeks, money has also been raised for a number of new Aptos-based projects, including Thala Labs, Martian, and Souffl3.

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