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
Tether Gold launches tokenized dividends on Wall Street for the first time, with XAUT's market cap surpassing $2.5 billion
Tether launches a gold-backed token, Tether Gold (XAUT), with a dividend mechanism that allows investors to receive dividends in tokenized gold, making it the first publicly listed gold company of its kind. This move marks a significant breakthrough in the gold industry, with XAUT's market capitalization approaching $2.55 billion. Investors can choose cash or gold dividends.
GateNewsBot2m ago
Jupiter DAO has initiated a vote on the proposal to reduce the net "emission" of JUP tokens to zero.
Jupiter DAO has initiated a proposal vote on reducing the net emission of JUP tokens to zero. The proposal includes continuing the Jupuary airdrop or adopting a zero net issuance plan to avoid token dilution. The voting will end on February 22.
GateNewsBot20m ago
Nillion: nilChain will cease operation on March 23rd, and users need to promptly migrate their NIL tokens to Ethereum.
PANews February 18 News, the privacy blockchain project Nillion announced on the X platform that nilChain will cease operations on March 23. Users holding NIL tokens on Cosmos must migrate to Ethereum. After the chain stops, standard transfers will no longer be possible.
GateNewsBot1h ago
Public Company Announces Paying Dividends In Tether Gold (XAUt)
Elemental Royalty becomes the first gold company to pay dividends in tokenized gold via Tether Gold (XAUt), marking a significant merger of traditional finance and blockchain. XAUt, worth $2.66 billion, offers shareholders unique advantages like liquidity and ease of access.
Blockzeit6h ago
The Trump Meme Coin team’s distribution wallet sent 9,089,000 TRUMP tokens to the BitGo custody wallet.
PANews February 18 News, according to Onchain Lens monitoring, the Trump Meme coin team distributed a wallet that sent 9,089,000 TRUMP tokens to a BitGo custody wallet, valued at 31.45 million USD.
GateNewsBot11h ago
