Cap Labs: Token CAP to Officially Launch on June 26, Initial Circulation Accounts for 15.6% of Total Supply

Foresight News reports that the stablecoin protocol Cap Labs has announced the token CAP will officially launch on June 26. The total supply of CAP is 10 billion, with an initial circulating supply accounting for 15.60% (5% allocated to the ICO, 10% to the ecosystem, and 0.6% to market makers). Private investors, project teams, and Echo community sales will begin unlocking 12 months after the TGE release, with 25% of allocations unlocked on the first anniversary of the TGE release, followed by monthly linear vesting over three years. Uniswap CCA participants will be able to exchange rCAP for CAP. In the CAP tokenomics model, 47.45% is allocated to the ecosystem and community, no more than 20% each to private investors and the project team, 5% to the ICO, 3.75% to Private TVL Deals, 3.28% to Echo community sales, and 0.52% to market makers.