Cap Labs Sets Date for CAP Token Launch
The stablecoin protocol Cap Labs has finalized plans for its token generation event. The CAP token is scheduled to go live and become tradable on June 26, marking a significant milestone for the project.
Initial Circulation and Supply Breakdown
CAP will have a total supply of 100 billion tokens. Upon launch, only 15.6% of this supply will be in circulation. This initial tranche is allocated for several purposes: 5% was sold in a public ICO, 10% is dedicated to the ecosystem fund, and 0.6% is reserved for market makers to ensure liquidity.
Analyzing the CAP Token Allocation
The long-term distribution plan for CAP highlights a strong focus on community and ecosystem growth. A dominant portion, 47.45% of the total supply, is earmarked for the ecosystem and community initiatives. This allocation will fuel governance, user rewards, and future protocol development.
Vesting Schedules for Key Stakeholders
Allocations for private investors and the project team are each capped at 20% of the total supply. These tokens are subject to a vesting schedule that begins 12 months after the Token Generation Event (TGE). At the one-year mark, 25% of these allocations will unlock, with the remaining 75% vesting linearly on a monthly basis over the following three years.
- Ecosystem & Community: 47.45%
- Private Investors: ≤20%
- Project Team: ≤20%
- ICO: 5%
- Other: Smaller allocations include community sales and other deals.
Participants in earlier community rounds will be able to exchange their rCAP tokens for the mainnet CAP tokens according to the established process.
This economic model seeks to align incentives between early backers, the development team, and the broader community, promoting sustainable growth through controlled token release.