What is CAP Protocol? >Cap is a decentralized trading platform where you can trade synthetics of any crypto or traditional asset up to 100x leverage without needing go KYC/AML. The contracts are immutable, which means they can't be shutdown (think Uniswap with degen leverage).
Why I know it's undervalued and willl 10x? Lets compare the evaluation to some of the competitors: 1) Cap Protocol (CAP) - $8.4M fully diluted market cap 2) Linear Protocol (LINA) - $69M fully diluted market cap 3) SynLev (SYN) - $54M fully diluted market cap 4) Synthetix (SNX) $1.1B fully diluted ma rket cap
Cap is expected to launch mainnet in December with full functionality and its on native oracles. Beta has been tested in Ropsten for a long time now with amazing results.
Their roadmap also includes a regular decentralized exchange, lending/borrowing, staking, asset management, prediction markets, identity, insurance etc etc: blog.cap.finance/2020/09/02/the-roadmap.html.
Devs have been overdelivering again and again and following their deadlines.
Probably will be the best altcoin of 2021
Jose Murphy
Based and CAPpilled
Jaxson Rivera
also forgot to add Every time a trader on the platform loses a trade, excess revenue from the CLP will get used to buy back and burn Cap, creating constant Cap buying pressure and making the supply of Cap more scarce.
Juan Jenkins
What about unimex? Not shilling, genuine q
Nicholas Lewis
what the fees like?
Chase James
no fees besides gas fees for calling functions (which as also been optimized to be 3x lower than SNX) the CLP gets funded by the spread + trader losses
Mason Baker
haven't researched it that much, but seems like you can only trade erc 20 on there?
what's the max leverage? how does the usage of the platform benefit the token holders?
they have bought Cap from open market after the listing 100k Cap was provided to Uniswap as liquidity and 100k will be the max supply soon after the 20k unminted gets burned.
Brayden Wilson
wait so no team alloc?
Caleb Jenkins
they had an unusual listing.
100k Cap was provided at $0.01 price it's possible they were the first buyers and thus have a decent size market share to keep being motivated to develop the protocol
Isaac Morales
I'd rather just buy a bigger SYN stack and get a phat % of that 6M trade volume fees already 2 weeks after platform launch with only 1 (one!) trading pair.
CAP still on the ETH testnet and just a concept desu. Already quite a big marketcap with 7M.
Yeah that's a hard pass.
Joshua Martinez
Same here, SYN is better.
Ayden Turner
you realize that Syn's usecase is very limited compared to Cap? You can do the same thing on Cap that you can do with Syn + 100 things more.
Chase Stewart
When can I finally trade some Tesla, Ali Bobbi and Apple stocks bro's?
William White
soon
cap.eth.link/#/ try out on Ropsten mainnet soon.jpg with real DAI
Mason Ross
lol
Dominic Roberts
yup, all 100k CAP was addeed to Uniswap. Team has bought the dips though and probably have 1000-2000 CAP
I'm in the process of liquidating the random tokens I bought when I was newer and don't know much about. I nearly just sold my cap for Komet but i'm going to take this as an opportunity to learn what cap actually does lmao
