🔥 Cap Labs officially announces the launch of the $CAP token auction this month, starting with an FDV of $75 million!
This auction will publicly sell 4.5% of the $CAP tokens via a Continuous Clearing Auction (CCA) on Uniswap, with another 0.5% being sold on other platforms at the CCA settlement price, accepting only USDC payments. All tokens will be unlocked at TGE, with the exact date to be determined.
📅 Key Timeline:
• KYC and registration period: June 1 - 8 (now open through the Predicate Identity platform)
• Whitelisted user pre-bidding period: June 8 - 10
• Early bidding period: June 10 - 11
• Public bidding period: June 11 - 17
🎯 Participation Notes:
• US users must be accredited investors to participate
• Frontier project participants automatically gain whitelist status, enjoying early bidding rights
• Frontier participants will also receive Stabledrop rewards, with specific details to be announced after the auction ends
The CAP token will initially be used primarily for buybacks and limited governance, with future plans to integrate into the Cap v2 platform. Notably, Cap Labs postponed its originally scheduled ICO on February 9 this year due to market conditions and community feedback.
#CapLabs #代币拍卖 #DeFi