$610M worth of tokens burnt

9.88M CAP burnt

Supply is now 100k circ/120k circ

Based devs delivered :)

blog.cap.finance

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youtube.com/watch?v=0c1oHVFRB4g
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cap.finance, look it up:
coingecko.com/en/coins/cap

*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/#/

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dang my fellow cappas are quick with info

boolish but how to get liquidity for so many assets?

might want to edit that perps wont launch until they find a way to make it fully decentralized. All focus is on synthetics now which could be game changing DeFi

kek

based

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There's a CLP (CAP liquidity pool) that anyone can contribute to with stablecoins and will generate fees. CAP holders will benefit from the excess liquidity from the pool in the form of weekly buy backs and burns of CAP tokens

normies will buy our bags at $10k/cap

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Based CAPPA's

I hope it get's the high user :)

ONE PERSON OWNS FUCKING 54,000 CAP WHICH OVER HALF THE SUPPLY. THIS IS A RUGPULL GET OUT WHILE YOU CAN

I bought 3.6 CAP a few days ago. It's in my coinbase wallet on my phone but it doesn't have a value beside it, what gives? Also, what is CAP? I have no idea and why is a token burn a good thing? How much is a CAP coin?

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Why did they burn my tokens?

I REPEAT, user DEV'S "FRIEND" OWNS 54,000 CAP OR OVER HALF THE CIRCULATING SUPPLY WITH NO RESTRICTIONS. DO NOT, I REPEAT DO NOT PUT ANY MONEY INTO THIS YOU'RE GOING TO GET FUCKING RUGGED HARD

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imagine at one point there will actually be 5000 stocks you can buy with DAI in a fully decentralized way and it can't be shut down. By then Abe has already probably worked out a way to make crypto perpetuals sufficiently decentralized.

how could it not be valued at $1B minimum?

kek
it's a new token which might not be integrated to coinbase wallet yet. The token burn was good because it means more certainty and less risks for you + less things to worry about for new buyers.

GET DUMPED ON BY ABE AND CO

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Dev already explained this to you Criptix. That amount is owned by a team partner and they have a written contract not to sell for 2 years. There's two scenarios:

1) The devs are telling the truth and this person won't sell for 2 years. Supply is now 46k for two years. Very bullish

2) The devs are telling the truth but the partner goes rouge. He can't dump all at once but does it over a week's span. Now you'll have multiple dips where you can load up on CAP.

Either way, in the case of a fully launched protocol, this is a 500M+ MC

FIFTY FOUR THOUSAND
ONE HOLDER
HEALTHY

This is a complete lie.
There is no "contract" between the devs and the owner. None of this can be even verified.
Retarded reddit spacing faggot

"abe"

are you seriously telling me you don't trust these innocent eyes?

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Well then by your logic you can't verify that there's no contract if I can't verify there is one :)

shutup faggot. His friend has 54,000 CAP and there is nothing you can do about it.

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>let early investor buy over 50% of the circulating supply
>early investor

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See this is why you're banned from TG. I'm calmly explaining the situation to you and you're making me sad from this name calling, cryptix. If you don't believe them you don't have to. No one is forcing you too. You have the option of selling your CAP and leaving. Oh, wait, you don't own any :)

why did you leave the rest of it out?

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It's you haha I can tell by your stupid ass cadence in how you write

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>imagine thinking an user dev has any power to stop him from dumping
lol get rekt