Odaily Planet Daily reports that Benjamin, co-founder of the stablecoin project Cap, stated on the X platform that CAP will not conduct token airdrops. The project will incentivize users by distributing Stabledrop in the form of stablecoins to Frontier project users. The only way to acquire CAP is through the upcoming public offering, and participants in the public sale will constitute nearly 100% of the circulating supply at TGE. He also pointed out that Cap will not pay listing fees to CEXs, nor will it use CAP for TVL incentives or side trading. Related collaborations will be settled solely in stablecoins to avoid excessive token dilution and uncontrolled buyback costs.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
March 2026 to See $5.8B in Token Unlocks Across Crypto Market
The crypto market anticipates $5.8 billion in token unlocks in March 2026, led by Rain ($RAIN) unlocking $338.02 million. Other significant unlocks include Aster ($ASTER) and Sui ($SUI), among others.
BlockChainReporter23m ago
RootData: MGO will unlock tokens worth approximately $4.21 million in one week
ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, Mango Network (MGO) will unlock approximately 193.12 million tokens, worth about $4.21 million, at 9:00 AM Beijing time on March 9.
GateNews1h ago
RootData: AVNT will unlock tokens worth approximately $5.08 million in one week.
ChainCatcher message: According to Web3 asset data platform RootData's token unlock data, Avantis (AVNT) will unlock approximately 29.25 million tokens on March 9th at 14:00 Beijing time, valued at about $5.08 million.
GateNews1h ago
Opinion Founder: hopes the community lowers expectations for the S1 airdrop and emphasizes that more value will be placed on S2 rewards.
ChainCatcher Message, Opinion founder Forrest stated in the official Discord that, based on the current market conditions, community members should lower their expectations for the S1 season token airdrop. Additionally, he emphasized that more importance will be placed on the S2 season rewards.
GateNews2h ago
VVV (Venice Token) up 24.08% in the last 24 hours
Gate News Update, March 2nd. According to CoinMarketCap data, as of press time, VVV (Venice Token) is currently priced at $6.63, up 24.08% in the past 24 hours. The highest price reached $6.65, while the lowest dipped to $3.18. The 24-hour trading volume is $43.6 million. The current market capitalization is approximately $294 million, an increase of $57 million from yesterday.
## Recent Important News about VVV:
1️⃣ **Airdrop Completion and Token Burn Event**
Venice's airdrop program has officially concluded, with $100 million worth of unclaimed VVV tokens being burned. This move directly reduces the circulating supply in the market, enhancing the token's scarcity and supporting its price. The burn event signals the project's emphasis on ecosystem stability, which helps to
GateNews3h ago
Tokens such as HYPE, ENA, and RED will undergo significant unlocks this week.
This week, there will be large unlocks of tokens such as HYPE, ENA, RED, and others, totaling over $300 million in value. HYPE will unlock 9.92 million tokens, ENA will unlock 40.63 million tokens, RED will unlock 40.85 million tokens, and OP will unlock 19.5 million tokens. Their circulating supply proportions are 2.72%, 0.53%, 16.13%, and 0.98%, respectively.
GateNews3h ago
