In this post I will attempt to make a case that the most undervalued project in crypto right now is CAP. So lets start with what it is and why it's not appropriately valued at the moment aka why it might be the opportunity of a lifetime for ((you)).
*Cap.finance is a decentralized platform for crypto perpetuals (long/short using up to100x margin), stock synthetics (5000+) and forex synthetics (200+) as a main product. It will also use their own native oracles, have lending/borrowing, staking, asset management, prediction markets, identity, insurance etc. (blog.cap.finance/2020/09/02/the-roadmap.html)
*The native token CAP generates yield from negative performance (excess funds from CAP Liquidity Pool) of platform users in form of buyback and burn, which will continue to drive the trading price of CAP up. It's also used as a governance token .
Okay, now how valuable could a decentralized perpetual and synthetics platform be? Multicoin Capital thinks it's the most important application in Defi - >We believe that the largest and most lucrative opportunity in DeFi is to create a protocol that allows anyone in the world to trade any asset. We have been referring to this idea as “Decentralized BitMEX” internally for over a year. The idea of a decentralized exchange protocol that enables synthetic assets is compelling for several reasons (multicoin.capital/2020/09/08/trade-offs-in-the-decentralized-bitmex-space/)
CAP's fully diluted market cap is at $9M ($75 x 120k CAP ). Lets compare it to the competitors: SNX fully diluted market cap is $922M (100x difference) LINA fully diluted $145M (16x difference)
The platform will launch in October, which means now might be the perfect time to enter before the word starts getting out. Beta testing for perpetuals is already done: youtube.com/watch?v=0c1oHVFRB4g Synthetics are now being tested on Ropsten testnet.
no your a fucking retard. fully diluted IS A FUCKING THING. because it causes downward pressure on price. why the fuck would the market price a coin high when it knows there are coins waiting to be released at the mercy of the devs or community? thats why bitcoin is 10k and not fucking 100$. thats the WHOLE FUCKING REASON why crypto even exists. provable digital scarcity.
Cooper Gray
Also I suggest to wait it out before buying. There are a few wallets that bought a month ago that are selling and swinger that's suppressing the price. Look at etherscan and it should be obvious.
Joshua White
I agree that fully diluted also matters, but the effective fully diluted is 120k CAP, which is $8.4M right now.
Grayson Sanchez
Oh yeah well fucking Ethereum has an infinite supply. What does that fucking tell you?
Noah Flores
OP makes it sound like this is a better BZRX, only with SNX instead of AAVE. Is this a correct way of looking at it?
Ayden Thomas
Wait. It is also AAVE, looking and lending and borrowing? Amazing. And it doesn't have the ridiculous supply inflation shitcoins like bzrx do.
Isaiah Thomas
not that familiar with BZRX, but CAP is a kind of an hybrid between SNX + Kyber + Uniswap with many other important features that will be built on top of the existing ecosystem later
Adam Cruz
Where the fuck is the website/tg?
Ryder James
BZRX is a trice-hacked shitcoin that had its lending code copied by AAVE while also offering margin trading for crypto.
>coingecko.com/en/coins/bzx-protocol Look at the chart: it was re-released after the second hack, then had a short bubble, dumped with the rest of the market, and then was hacked again. Despite multiple audits. Pretty fucking amazing. Also had huge supply inflation coming up and the gas-fees for margin trading were ridiculous.
Jose Nguyen
it was changed for the perpetual beta testing cap.finance synthetics ropsten testing is here synthetics.cap.finance
you can get more links from here (whitepapers, TG, twitter, github etc etc) coingecko.com/en/coins/cap
Robert Hernandez
kek, that looks pretty bad indeed
considering bzrx ($200M fully diluted) with crypto margin trading is just one of the many features of CAP, I think it wont be difficult to see how undervalued it is.
Other examples: Perpetual protocol is at $180M fully diluted with only margin trading crypto Hegic is at $350M fully diluted with only option trading
Brayden Bailey
Bought a bit, this better work out user or else.....
Carson Butler
based
and this, ladies and gentlemen, is how millionaires are created
one year from now people will be punching the chair for not buying at a historically low price
Jayden Gray
I only have 100 CAP. What's the make it stack and suicide stack user
Camden Thompson
unironically 100 cap could make you a millionaire in a few years if everything goes as planned.
