Cap will conduct its initial coin offering (ICO) through Uniswap, with 10% of the total supply of tokens to be sold.
TL;DR
Cap stablecoin protocol will launch its ICO on Uniswap on February 9, selling 10% of tokens with a $150M initial FDV. Whitelisted addresses get priority, and the sale includes registration, pre-sale, and bidding periods, but token issuance is delayed as TGE date is pending.
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According to Foresight News , the stablecoin protocol Cap will conduct its initial coin offering (ICO) on Uniswap on February 9th. 10% of the total supply will be sold, with an initial FDV of $150 million. Whitelisted addresses (Cap holders and strategic partners) will have priority over public participants in the ICO. Frontier program participants will automatically receive whitelist status and can participate in early bidding. The sale includes a 7-day registration period (all participants must complete KYC verification during this period), a 2-day pre-sale period (whitelisted participants can submit bids before the official sale to ensure their inclusion in the first sale block), a 2-day priority bidding period (whitelisted addresses participate in the sale), and a 5-day regular bidding period (public and whitelisted addresses participate in the sale). Furthermore, this ICO will not immediately trigger token issuance; the TGE date has not yet been finalized.