Cap Labs to Auction 4.5% of CAP Tokens This Month at $75M Starting FDV

UNI-1.87%
According to Foresight News, Cap Labs will conduct a public sale of 4.5% of its CAP tokens via Uniswap's Continuous Collection Auction (CCA) this month, with an additional 0.5% sold on other platforms at the CCA settlement price. The auction accepts USDC payments and has a starting fully diluted valuation (FDV) of $75 million, with tokens unlocking at token generation event (TGE). The timeline includes KYC and registration from June 1–8, whitelisted user early bidding from June 8–10, early bidding phase June 10–11, and public bidding June 11–17, with TGE date to be announced. U.S. participants must be accredited investors. Frontier project participants automatically receive whitelist status with early bidding rights and qualify for Stakedrop rewards.
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