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Most cryptocurrencies make changes to curb inflation, attract buyers, or encourage holders to hold onto the currency.
Here's an example:
The most significant event with Aptos this week was the near-unanimous passage of Proposition 183, with 335 million APTs voting in favor and only 1,500 against. This proposal places a strict, permanent cap on the supply at 2.1 billion APTs—the same philosophy behind Bitcoin's limited scarcity. Before this decision, the network could print coins without a clear limit, but now this number cannot be exceeded under any circumstances.
The Seven Pillars of Economic Restructuring
Aptos didn't stop at one proposal; it launched seven integrated economic reforms simultaneously. The first is the newly approved supply cap. The second is the permanent locking of 210 million APTs from the institution's treasury, removing them from circulation forever. The third is the reduction of sticking rewards from 5.19% to 2.6%, which reduces selling pressure on rewards. Fourth, the gas fees were increased tenfold, with all of that revenue burned instead of being distributed. Fifth, the upcoming decentralized Decibel exchange is expected to burn 32 million APT annually upon completion. Sixth, future grants will be tied to real performance metrics instead of being distributed randomly. Seventh, an open market buyback program will be explored using the organization's revenue.
Despite all these positives, there are real challenges that must be acknowledged. Sticking rewards have dropped from 5.19% to 2.6%, meaning some investors will likely unlock their coins and sell in the near term. Voting turnout was only 39%, very close to the minimum required, raising questions about community engagement.
At least the currency is trying to take steps to mitigate inflation, and this may have an impact if the market recovers.
$APT
{spot}(APTUSDT)