Cap Co-Founder: CAP Will Have No Airdrop, Public Sale to Constitute Nearly 100% of TGE Circulating Supply

Odaily News Stablecoin project Cap's co-founder Benjamin stated on platform X that CAP will not conduct a token airdrop. The project will incentivize users of the Frontier project through a Stabledrop in the form of stablecoins. The only way to obtain CAP will be through the upcoming public sale, and public sale participants 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 deals. Related collaborations will be settled solely in stablecoins to avoid excessive token dilution and uncontrolled buyback costs.