Cap Co-Founder: CAP will not have an airdrop; the public offering will constitute nearly 100% of the circulating supply at TGE

GateNews

Odaily Planet Daily reports that Benjamin, co-founder of the stablecoin project Cap, stated on the X platform that CAP will not conduct token airdrops. The project will incentivize users by distributing Stabledrop in the form of stablecoins to Frontier project users. The only way to acquire CAP is through the upcoming public offering, and participants in the public sale will constitute nearly 100% of the circulating supply at TGE. He also pointed out that Cap will not pay listing fees to CEXs, nor will it use CAP for TVL incentives or side trading. Related collaborations will be settled solely in stablecoins to avoid excessive token dilution and uncontrolled buyback costs.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

JUST Protocol TVL Surges to $11.4B, Commands 41.83% Market Share in Tron DeFi

Gate News message, April 21 — According to the latest weekly report, JUST protocol's total value locked (TVL) reached $11.4 billion, capturing 41.83% market share in Tron's DeFi ecosystem. The protocol's core lending business remains robust, with deposit volume exceeding $3.75 billion. Through

GateNews1h ago

Story (IP) launches re-staking and kicks off a 200 million KRW incentive campaign

Gate News message, April 21——A certain CEX has launched a Story (IP) re-staking product, adding it to the list of existing staking assets such as 15 assets including ETH, SOL, TRX, and more. The incentive campaign will run from April 21 to 27, with a total prize pool of 200 million KRW. $IP is the native token of the Story protocol. Story positions itself as an AI-focused on-chain IP infrastructure, supporting IP registration for datasets, models, and AI-generated content, programmable licensing, and automated revenue distribution.

GateNews4h ago

Ice Open Network suffers a data leak by an insider, and after the ION token plunged, it reorganized to survive

Ice Open Network posted on X on April 20, confirming that a data breach occurred last week. The cause was that after four business partners terminated their business relationship with a third-party service provider, they still accessed external servers, leaking users’ email addresses, 2FA phone numbers, and identity-linked data. The background of this incident is that the ION token had already crashed by 93% two weeks ago, and the project team is in a period of large-scale emergency restructuring.

MarketWhisper5h ago

Tencent QClaw Overseas Version Starts Beta Testing, Japan Offers $700 Token for Early Access

Tencent Computer Manager’s AI agent product QClaw, under the company’s team, announced on April 20 that its overseas version has officially started internal testing. The first batch covers the United States, Canada, Singapore, and South Korea, supporting multiple languages including Chinese, English, French, Spanish, and Korean. During the internal testing period, 40 million Tokens are given away each day, and the first batch of 20,000 slots for “Founding Claw” is also opened on a first-come, first-served basis.

MarketWhisper6h ago

SEALCOIN early access campaign “Spacedrop,” building an on-chain ecosystem experience for satellite infrastructure foundations

SEALCOIN officially launches an early-access campaign called “Spacedrop.” This is a user onboarding program that allows users to participate before fully going live across the ecosystem. The event emphasizes an interactive experience, helping users understand how it works through completing tasks and earning points, among other methods. The project combines satellite communications and blockchain technology, focusing on secure interaction of infrastructure, and aims to drive market expansion. The campaign is now open for participation.

ChainNewsAbmedia6h ago
Comment
0/400
No comments