Unironically the most undervalued project in crypto right now is CAP. Why? 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 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:
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/#/`
Perpetuals got sidelined until they can fully decentralize it but they're focusing entirely on synthetics now. Testnet governance and 15+ stocks can already be traded on Ropsten
Leo Cooper
you need to update your numbers when you post this
Josiah Moore
My problem: >we recently received perpetual protocol which does the same afaik and is backed by binancelabs and ftx >then it sounds as if it will take the cap team forever to get decentralized oracles and all done (look at how long link takes) >the former especially considering how long it took them to get synthetics up >the tokenomics are shit until we actually get perps Am I wrong?
Mason Kelly
how are the tokenomics shit?
perpetual protocol doesn't have synths cap could have 10k synths on day 1 if people register them fast enough
Leo Peterson
no real value capture with burns until leveraged perps, no? and governance is a meme usecase.
Nathaniel Jones
Tokenomics are baller:
100k circulating/120k (20k was minted to see if it could be of use but the devs said they'll probably burn that too). Also, buybacks and burns once the CLP is live and will burn CAP weekly with excess trader losses that end up in the pool
Grayson Rogers
the CLP buyback and burn works with synthetics, too
Juan Collins
When you say we recently received perpetual protocol, are you talking about Cap project? I'm confused.
Eli Lewis
Sure - hence getting in early. Product looks promising. Gov of any value is a toss up, but rewards will be given to token holders based on fees accrued
