Upgrading Proposal: AptosLaunch to AptosEVM Chain (The Official Layer2 Chain on Aptos with EVM Compatibility)
Overview and Background:
Recognizing the persistent challenges linked to Launchpad, such as sourcing quality project launches, evaluating the compatibility of the projects with the Aptos ecosystem, or the risks of new projects launching in an unwelcoming market, we set out on a journey to create AptosEVM Chain — The official Layer2 Chain on Aptos with EVM Compatibility.
This infrastructure, set to redefine scalability and efficiency in the blockchain ecosystem. Our upgrading reflects a strategic shift towards a more robust and scalable solution that addresses the limitations of current Layer1 networks — especially on Aptos & EVM networks.
Our new Layer2 on Aptos project aims to enhance transaction throughput, reduce latency, and lower costs, all while maintaining the security and decentralization that our users value. By leveraging innovative technology, we are poised to deliver a seamless and high-performance experience for developers and end-users alike.
With our upgrading, our token name will change from “AptosLaunch Token” to “AptosLayer2 Token” with the same ticker as “$ALT”. This resonates well with our current vast community while embracing a broader vision to support a diverse range of decentralized applications and smart contracts. Our new Layer2 solution is designed to provide the infrastructure needed for the next generation of blockchain applications, ensuring that users can enjoy faster, more efficient transactions without compromising on security.
Beginning in Q1 2023, our team embarked on developing several key components for the AptosEVM Chain, including blockchain modules, an explorer, a staking app, and a migration module. By Q4 2023, we shifted our focus to community engagement and educational initiatives, launching a range of products under the AptosLaunch brand with plans for future integration. Looking forward, we’re thrilled to unveil AptosEVM Chain’s tokenomics, the testnet and mainnet, and cutting-edge products such as AptosEVM Multisig wallets, the Intents SDK, and AA plugins. These developments set the stage for an exciting future for AptosEVM Chain. Explore more about AptosEVM Chain’s roadmap.
Our Proposal:
The team is set to launch AptosEVM Chain, a cutting-edge, modular, intent-centric Layer 2 solution on the Aptos network, offering full EVM compatibility. This advanced blockchain aims to bridge the Aptos and Ethereum Virtual Machine (EVM) ecosystems, significantly enhancing the user experience by addressing common issues such as wallet complexities and the accessibility of decentralized applications (dApps). Alongside this transformative development, AptosLaunch will continue to uphold its commitment to delivering high-quality project launches. With the introduction of our proprietary blockchain, the possibilities are boundless.
New Blockchain Features:
The Official Layer2 Chain on Aptos with EVM Compatibility
AptosEVM Chain unveils a Layer 2 intent-centric blockchain with advanced abstraction layers and a decentralized parallel execution architecture. This innovative design enables the creation of keyless multsig wallets, simplifying secure access within the multi-chain Web3 ecosystem. AptosEVM Chain provides several notable benefits:
Developer-Friendly: With comprehensive SDK and API support, AptosEVM Chain facilitates the expansion of digital asset ownership across diverse user bases, streamlining development processes.
User-Centric LLM: Featuring a conversational interface, AptosEVM Chain is designed to enhance user accessibility, making blockchain technology more approachable for mainstream users.
Low Gas Costs (Batching): By optimizing transactions and leveraging efficient batching, AptosEVM Chain significantly reduces gas fees, resulting in substantial cost savings.
Recoverability: The platform allows wallet owners to securely regain access to their wallets after identity verification, boosting user confidence and security.
Programmable: AptosEVM Chain’s wallets are programmable to include new features securely, enabling ongoing innovation and customization.
Interoperability: Supporting Inter-Blockchain Communication (IBC) and Ethereum Virtual Machine (EVM) compatibility, AptosEVM Chain facilitates seamless multi-chain asset interactions and opportunities.
Speed and Reliability: Enhanced by distributed transaction signing and sharding, AptosEVM Chain ensures rapid and dependable performance, delivering a smooth user experience.
Enhanced User Experience (UX): By addressing key abstraction, AptosEVM Chain overcomes a major barrier to mainstream adoption, offering a more intuitive and user-friendly interface.
AptosEVM Chain Layer2 Use Cases:
AptosEVM Chain’s Layer 2 infrastructure supports a wide range of applications across different sectors:
Intent in DeFi & dApps: The Intent SDK enhances decentralized finance (DeFi) interactions by streamlining user engagement and simplifying transactions.
Modular Intent in GameFi: In the GameFi sector, automated intent triggers facilitate smoother asset trading and improve overall user experience.
Keyless Multisig Wallets: Our keyless wallet solutions provide secure and intuitive access to digital assets, catering to diverse user requirements.
Enterprise Solutions: The AptosEVM Chain’s intent SDK simplifies enterprise workflows, offering a seamless user experience with minimal learning curve, while ensuring robust security and asset compliance.
New Ecosystem Mechanics:
AptosEVM Chain significantly broadens the functionality of ALT tokens. Here’s how ALT can be utilized:
- Gas Fees: ALT tokens cover transaction fees on the AptosEVM Chain, ensuring efficient and cost-effective network operations.
- DPoS Validator Staking: ALT holders can either delegate their tokens to validators or operate their own validator nodes to contribute to network security.
- Governance: ALT holders can participate in governance decisions, shaping the future of the network.
- Native Collateral: ALT tokens can serve as liquidity or collateral within applications on the AptosEVM Chain.
- Fee Markets: Users can use ALT tokens to incentivize validators for transaction prioritization, fostering a dynamic fee market.
- Trading Fees: ALT tokens can also be used to pay trading fees on exchanges within the AptosEVM Chain ecosystem.
With our upgrading, our token name will change from “AptosLaunch Token” to “AptosLayer2 Token” with the same ticker as “$ALT”. This resonates well with our current vast community while embracing a broader vision to support a diverse range of decentralized applications and smart contracts — putting you at the forefront of a growing Layer 2 blockchain community.
Next steps:
To streamline this transition, we are initiating a upgrading proposal — from “AptosLaunch Token” to “AptosLayer2 Token” — becoming the official Layer2 Chain on Aptos with EVM compatibility. Our brand partners are fully behind this move, with the goal of vastly enhancing our control and multichain ecosystem integration.
Check out our New Roadmap here https://doc.aptoslaunch.io/aptosevm-chain/roadmap
If you would like to be the first to join the official Layer2 Chain on Aptos with EVM compatibility and is keen to support as a Validator, Node, KOL, Marketer or Investor, please fill the form at https://forms.gle/mP7HRv2GBqm7msxc8
About AptosLaunch / AptosEVM Chain
The Official Layer2 Chain on Aptos with EVM Compatibility
AptosEVM Chain unveils a Layer 2 intent-centric blockchain with advanced abstraction layers and a decentralized parallel execution architecture. This innovative design enables the creation of keyless multsig wallets, simplifying secure access within the multi-chain Web3 ecosystem. AptosLaunch /AptsEVM Chain only succeeds if our ecosystem projects succeed.
