Latest Updates from Cap Project
Recently, Benjamin, co-founder of the stablecoin project Cap, unveiled the project's token issuance plan. He stated that Cap will not adopt traditional token airdrops, but instead reward Frontier project users through Stabledrop in the form of stablecoins.
The Sole Method of Token Acquisition
According to Benjamin, the only way to obtain CAP tokens will be through an upcoming public sale. This strategy aims to ensure a fair distribution at the project's launch, while giving all interested participants the opportunity to join in a transparent manner.
- No traditional token airdrop
- Incentivize users with stablecoin-based rewards
- Public sale as the only acquisition method
Composition of Circulating Supply at TGE
Benjamin also noted that participants in the public sale will account for nearly 100% of the circulating supply at the token generation event (TGE). This design not only helps establish a more decentralized initial ownership structure, but also better protects investor interests.