Aptos Foundation commits to permanently lock and stake 210 million APT

PANews reported on October 9 that Aptos announced on X that the Aptos Foundation has committed to locking and permanently staking 210 million APT, accounting for about 37% of the APT it held when the mainnet launched. These tokens will never be sold or distributed, and the Foundation's operations will be supported by the staking rewards they generate, rather than by selling the locked tokens. According to the previously announced tokenomics update, Aptos also proposed setting a supply cap of 2.1 billion APT, lowering the staking reward rate, and increasing gas fees.