previous thread 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 to KYC/AML. The contracts are immutable, which means they can't be shut down (think Uniswap with degen leverage). 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.
Why I know it's undervalued and will 10x? Lets compare the evaluation to some of the competitors: 1) Cap Protocol (CAP) - $11.6M 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 market 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.
make sure to join the TG: t.me/capfin If you miss out on this, it's on you frens.
Coins always dump after mainnet hype. I'll buy a bag then
Julian Wright
except when main net is literally the beginning of everything in this case
as soon as people start testing out the platform main net they will realize the true value of it nobody bothers to test it on Ropsten so most have no idea
Bentley Smith
exactly, not to mention the ridiculous buy back and burn system we'll see in action
Caleb Rogers
i'm going to live off trader losses. trust me
Camden Robinson
this
trader losses are going to drain the cap in the uniswap liquidity pool and it will become impossible to buy eventually due to the high price
all you have to do is keep holding Cap
Juan Martin
CAP is an IQ test. Imagine thinking the first decentralized derivatives margin trading platform will not reach $100 million in volume at some point.
At $100 mil daily volume, CAP is generating at least $100.000 just because of the 0.1% spread. Add in trader losses and the protocol will be raking in profits. Those profits are automatically used to buy CAP and burn it.
Yes, that's right. At a mere $100 million daily volume (BitMEX is at 2 bil+) for the first decentralized, KYC free derivatives exchange, we have at the VERY LEAST $3 million in buying pressure, burning CAP every single month. At current price, that would mean 30.000 CAP burned every month. There is only 100k supply.
Hell, even at a measly 10 million trading volume we would be burning AT LEAST 3k CAP a month just based on spread, that's not taking into account trader losses going into the protocol, which is supposed to be a much larger souce of income.
The protocol works, it will launch soon, the degenerates will flock to it and CAP is destined for a billion+ market cap.
I'd consider a buy if I could get the testnet to work. I can't be the only one with an issue. That plus user devs and flippy floppy tokenomics make it hard to fomo.
Kevin Parker
Testnet works fine here. Did you switch to Ropsten in Metamask?
