What is APT Coin and Apricot Finance – All You Need To Know
What is APT Coin and Apricot Finance – All You Need To Know
Are you interested in what the APT coin is? What is its current and predicted value in the future? Why has the entire crypto community become primarily interested in this unusual cryptocurrency these days?
With numerous cryptos available on the market, it’s obvious that the links between them are the Blockchain, a decentralized ledger that enables traders to have their transactions without any third-party involved.
Recently, the APT coin has become an extremely popular and actively discussed cryptocurrency within the crypto community. The so-called “Apricot Finance” is also mentioned, about which we will also give you all the necessary information.
To know if this particular coin is worth investing in, you must understand what APT coin is and what Apricot Finance is in this case. So let’s start!
APT Coin – explanation by professionals
The APT coin is short for “Aptos coin,” which refers to a native coin of the Aptos blockchain. This coin is primarily designed to be staked for the system to function. Stakers and individuals who operate the system get paid rewards.
Since the Aptos blockchain utilizes a PoS, the proof-of-stake consensus mechanism, blocks are only able to be added by individuals who possess the APT coin. Those with APT coins can also vote on proposals that will influence the Blockchain’s future, making it a governance coin. The APT coin can be traded, bought, and sold on popular crypto exchanges.
Two native tokens of Aptos
It’s known that every Blockchain out there needs to have at least one native token. Aptos blockchain has two coins. The APT coin, or the Aptos coin, is famous for its ticker handle of APT. It’s among the newest cryptocurrency projects, hitting the open market on 19 October 2022.
The total supply of the APT coin
Regarding the tokenomics, the APT coin has a total supply of an incredible one billion, out of which:
- 51% of tokens are available for the wider community
- 19% of tokens go to core contributors
- 5% tokens are meant for the team behind the Apricot platform
- 48% of tokens are left for investors.
By 21 October 2021, there were 130 million APT coins in circulation. The main goal is that the remainder of the tokens will get issued in the following 10-year period.
APT coin price prediction
The current APT coin price is USD 9.20. It has a 24-hour trading volume of USD 742,065,016. In the past seven days, the price of Apricot Finance fell dramatically by 82.51%. However, in the last 24 hours, the price increased by 0.36%.
To be up-to-date with the current price, check its price daily. Since the APT coin is considered the new cryptocurrency, there are historical data to work with. Thus, there will be few APT price predictions present.
According to CoinArbitrageBot, things are going in a positive direction. They noted that, even though the APT crypto price could drop under $6.99 by 15 November 2022, we might expect a recovery in 2023, when the APT coin price could be $8.11. It might close the 2022 year worthing between $8.70 and $19.67
2023 to 2030 forecast
By October 2023, the APT coin forecast was between $10.45 and $11.50, and one year from 2024, between $24.37 and $25.88. So, by the year 2024, it’s predicted that Aptos could be worth around $15.75.
In October 2025, the prediction for the APT coin is that people could trade it from $23.53 and $25.88, while in 2026, the APT coin could be worth around $41.22. By 2030, the APT coin prediction is that it will trade from $290.47 to $414.96.
How to buy an APT coin?
If you are interested in buying an APT coin, here are the necessary steps to do so:
- Check out the official website CoinMarketCap to see where you can buy Apricot Finance and with which currencies. To see all the places where you’re able to purchase Apricot Finance, go to the “Market” button.
- Choose the right platform to buy your desired APT coin. Keep in mind that different platforms have different security, liquidity, and reliability levels. That’s why it’s crucial to do proper research.
- Purchase on a platform that you’ve chosen. Buying crypto with some fiat currency like EURO or US dollar will be much easier than purchasing with another cryptocurrency because with crypto, you’ll need to create a crypto wallet that supports Apricot Finance first.
What is Apricot Finance exactly?
Apricot Finance represents a next-generation lending protocol and a scalable blockchain that is reliable and secure in the first place. It supports leveraged yield farming on the Solana blockchain. The native token of Apricot is the APT coin. The users of this protocol are able to maximize yield, and they’ll have their downsides protected by it.
The Aptos blockchain, which is short for “Apricot blockchain,” has been created in the last three years by more than 350 developers around the world. The platform itself was founded by CTO Avery Ching and CEO Mo Shaikh, who previously worked at Meta.
What does the Apricot protocol provide?
The Apricot protocol, or Blockchain, provides the following things:
- New and novel innovations in consensus
- System Security
- Smart contract design
- Fantastic performance
A combination of all these technologies from above will undoubtedly, provide a fundamental building block in order to provide safe and secure access to Web3 to the masses. They’re part of one great team responsible for canceled attempts and creating the Novi crypto wallet and the Diem blockchain.
Since these plans never came to life, the technology and skills that remained there have been successfully used for an entirely new project that functions with NFTs.
What are users able to do with Apricot?
All users of Apricot Finance are able to:
- Pre-configure how and when automated deleveraging happens with the option “Apricot Assists,”
- Deposit assets for earning interests with the option “Apricot Lend,”
- Borrow assets for leveraged yield farming or trading with the “Apricot Cross-Farm” option.
Apricot Assist
Primarily, Apricot Assist is created especially to assist users in managing their leverage positions for reducing liquidation risks via the mechanism that’s automated and self-deleveraging. Using Apricot Assist, users can expect to control the following things:
- When to start redeeming or selling their collateral assets
- How much and what exact assets should be redeemed or sold?
In addition to that, users can stay protected if they have configured the famous Apricot Assist to perform some of the following actions that are deleveraging:
- What and how to redeem a certain amount of the tokens USDT-USDC LP to bring back to only USDT and USDC and thus repay the debt to bring back the 90% of the borrowing limit used.
- When the so-called “borrow limit used” reaches 95%, liquidation is 100%.
Outcomes of Apricot Assist
Also, keep in mind that this assistant’s timely intervention enables these outcomes:
- USDC-USDT LP size position that has decreased – fewer rewards, lower leverage ratio
- When all initial SOL principal gets preserved
- Once the “borrow limit used” falls under 90%, back to safety.
To program the amount of LP tokens that will get redeemed and when Apricot Assist gets activated, users use the Assist Simulator.
Apricot Lend
Apricot Lend exists to provide high-standard borrowing and lending services. It includes user deposit assets for earning interests and utilization of their deposited assets for borrowing other assets.
Apricot Cross-Farm (X-Farm)
The Apricot Cross-Farm enables the so-called cross-margin leveraged service for all users to maximize yield from their existing holdings. Apricot X-Farm users don’t need to own USDT or USDC to start farming.
They can collateralize their no-stablecoin assets to borrow the stablecoins with up to 3x leverage. In that way, users are able to start farming USDT-USDC LP immediately. Remember that stablecoins could be staked and auto-pooled for LP tokens, resulting in 3 times the farming yield.
So, with the Apricot X-Farm, users can:
- Deposit SOL, USDT, BTC, USDC, or any other supported asset
- Start farming with their LP tokens with borrowed assets, up to 3x leverage
- LP tokens in their account are periodically compounded and auto-staked. Therefore, it is possible to earn 3x LP farming yield right away. Users’ access to new yields is possible by X-Farm, which efficiently increases. Therefore, there’s no need to consider selling any assets.
Is APT coin a good investment in the long run?
One of the main questions regarding APT coin is whether investing in it is a good idea in the long run. First of all, considering that it is a relatively new and young coin with a short history, it is difficult to predict what fate is expected with Aptos and Apricot Finance.
However, considering our experts’ forecast and price prediction, the price of the APT coin is expected to increase in the following five to ten years. It is considering how it is advisable and profitable to invest in this new coin that can be a real gold mine.
Even though, historically, cryptos that do have so much hype in their early days somehow always disappoint, it may be different with the APT crypto. The APT coin is expected to plunge to around $5 in the coming days regarding profit-taking. It’s also expected that a move above the resistance at $$9 will undoubtedly invade the bearish observation.
What will surely happen with the APT coin and Apricot Finance in general, it’s yet to be seen. For now, the predictions are more than positive!
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