Cap.finance [CAP]

GET THE FUCK IN CAPPAS

9.88 MILLION CAP BURNED
etherscan.io/tx/0xae41c9af832f985bfabbdf3ab3a9729194a8ad0ffb2fb678e3864bfcd0dbc27e

Attached: CAP KING.png (512x512, 74.82K)

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CAPPA

Thanks, just sold 1k CAP

wtf

THIS WASN'T ALLOWED

Moon incoming

Are we still bullish after perps have been "sunset"? Will they be re-established at some point? I don't really get the "muh regulations" argument when even synthetics could be subject to regulations at some point. Or am I a brainlet?

How are my little wolves of wallstreet doing today

no, the synthetics contracts are fully decentralized and wont be subject to regulations in pracise since they can't be shut down after they've launched

perpetuals will be postponed until they've figured out how to make it completely decentralized like the synths

The BURN is done!!! so the current supply is 100K, with the option to mint 20K for other uses. If none are found within a few months, those will get burned as well.

$612M burnt :0

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OK so perps are only postponed. I misunderstood I guess. Thanks for the clarification, user.

Owning $CAP is like owning equity on Bitmex, but you know no-one will sue or stop it!

Thanks Abe

can't wait to see 5000 synthetic stocks on cap
plebs will keep trading in losses and making cap skyrocket as a result

Launching these Synthetics with IPFS, and an unstoppable domain, will be an amazing feat for the future of Defi, and should shake traditional finance at it's core.

we're at the very beginning or something very huge

Attached: Capu sticker.png (512x512, 94.03K)

Cap could become 'the' protocol leading the revolution in global financial reformation...crazy!

What's the use case?

for CAP?
or the protocol?

here's a copy-pasta that explains Cap a little bit

*Cap.finance is a decentralized platform for crypto perpetuals (long/short using up to 100x margin), stock synthetics (5000+) and forex synthetics (200+) as a main product. It will also build 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 up the trading price of CAP. 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 $7.3M ($61 x 120k CAP).
Lets compare it to the competitors:

SNX is $868M (118x difference)
LINA $134M (18x difference)
BZRX $172M (23x difference)
PERP $163M (22x difference)
Hegic $319M (43x difference)

The platform will launch this month, 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 (AAPL/DAI) are now being tested on Ropsten testnet: synthetics.cap.finance/#/

Noteworthy, is that the perpetuals will be postponed until such a time that it can be fully decentralised, including oracles ect. So the main focus will be building and launching the protocol, that cannot be stopped or taken down.

Launching the full Synthetics market will be a first though. And they want to do it right. They are on track for end of month.

First in launching in a fully decentralized manner I mean.

Wow thanks for the info user, this is a really good rundown. I might grab a small bag

Yeah, when he words it like that, makes me question weather I will ever have enough Cap, lol.

Where did you copy that from? It is a good run down.

np

I created it a few days ago

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Shit, my bad, I see you have sources listed all over, lol.

yes

EOY 2021 cap will not be below $1k
screenshot this

Looks like this is the only non scam coin on biz right now , might get a bag on payday.