Cap Labs to auction 4.5% of CAP tokens via Uniswap CCA

Foresight News reports that Cap Labs has tweeted it will publicly sell 4.5% of CAP tokens this month via Uniswap CCA, with an additional 0.5% to be sold on other platforms at the CCA settlement price. Cap Labs stated that it will gradually announce information about tokenomics and the TGE throughout this month.

KYC and registration are now available through the Predicate Identity platform. US users must be accredited investors to participate. Frontier project participants will automatically receive whitelist eligibility and enjoy early bidding rights, while also receiving Stabledrop rewards. More details will be announced after the token auction concludes. Cap Labs indicated that, in its initial phase, the CAP token will be used for buybacks and limited governance, and will be integrated into the Cap v2 platform in the future.

As previously reported by Foresight News, Cap Labs postponed the original ICO scheduled for February 9th this year, citing market conditions and community feedback as the reasons.