Aptos unveils new tokenomics to cut issuance, boost burns

Aptos (APT) has announced new tokenomics focused on reducing token issuance and increasing its burn mechanism. Key changes include: - Setting a hard cap of 2.1 billion on the total APT supply - Lowering the annual staking reward rate from 5.19% to 2.6% - Increasing gas fees tenfold - Permanently locking up and staking 210 million APT - Launching the decentralized exchange (DEX) Decibel to facilitate more APT burns - Overhauling its grant system to be performance-based and considering a token buyback program