CAP is a protocol for decentralized CFD (Contracts for Differences) trading on Ethereum. CAP provides a censorship-resistant leveraged trading platform for synthetic assets of any type.
CAP works by allowing users to leverage trade synthetic assets. Asset prices are provided by an oracle. Users can select their asset and leverage, then execute a position that attempts to predict if the asset will rise or fall in price. Winnings are deducted from a treasury, while losses are added to the treasury. This treasury is a warchest that CAP can use to grow, advertise, develop, audit, profit or save.
BTC (Bitcoin), ETH (Ethereum), LINK (Chainlink), AAPL (Apple), Tesla (TSLA), A (Alphabet), FB (Facebook), NFLX (Netflix), GOOG (Google), SP500 (S&P 500).
List of available assets mainnet: click here!
Yes. Including less liquid assets
What is Decentralized Finance (DeFi)?
Decentralized finance (commonly referred to as DeFi) is an experimental form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks, and instead utilizes blockchains. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in a savings-like account.
Leverage is a trading mechanism investors can use to increase their exposure to the market by allowing them to pay less than the full amount of the investment. Consequently using leverage in a transaction, allows a trader to take on a greater position without having to pay the full purchase price.
The combination of securities and/or assets in such a way that they produce the same financial effect as the ownership of an entirely different asset would. In short, synthetic assets are meant to imitate another investment. They can combine various derivative products such as futures, options, or swaps, to simulate an underlying asset. The underlying assets can include stocks, bonds, indexes, commodities, currencies, cryptocurrencies, digital assets or interest rates.
An automated market maker (AMM) is a type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm. This formula can vary with each protocol.
CAP is primarily going to be used by those who are familiar with the cryptocurrency community. CAP gives decentralized and safe access to leveraged trading of synthetic assets. In the future, CAP’s easy interface and universal usability should provide anyone with a way to trade.
CAP is highly censorship resistant. It cannot be shut down, blocked or disrupted. Every aspect of CAP from the ground up is decentralized. Traders who wish to use the CAP protocol will not be required to submit KYC documents or live in unrestricted countries.
CAP is built on Ethereum. Governance, contracts, token, and future products will be built on Ethereum.
Being that most of CAP is built using Ethereum, it would be difficult for us to migrate to another chain. If needed, it could be done though. We feel that Ethereum currently has a commanding lead as a platform for our application.
Synthetix, PERP, and Deus are some of CAP’s competitors. These platforms are different from CAP.
Decentralized trading platforms that can trade synthetic assets are becoming very popular. The regulatory pressure and litigation directed at centralized leverage trading platforms has been very strong.
CAP uses an in-house oracle to get price feed data for its tradable assets.
Yes. The CAP token.
CAP is built on Ethereum (ETH) and is an “ERC-20” token.
Anywhere you can store ERC-20 tokens. Ethereum wallets, myetherwallet, Metamask, Ledger, and Trezors with support for Ethereum. You’ll just need some Ethereum in the wallet (gas) to move it around.
In its current state, the CAP token functions as a governance token. Governance tokens are tokens that developers create to allow token holders to help shape the future of a protocol. Governance token holders can influence decisions concerning the project such as proposing or deciding on new feature proposals and even changing the governance system itself.
With an accumulation in the treasury, CAP holders can vote to use the funds for marketing, developers, exchanges, or distribute the funds to themselves as earnings.
Social channels announce changes such as voting results, proposals, and a variety of other information. Please join or follow them for the latest information.
We suggest using Etherscan for evaluating token statistics, including holders, transactions, total wallets, contracts, and much more.
CAP is currently tracking on all major charting and information databases. These include CoinGecko, AstroTools, DexTools, ChartEx, CoinMarketCap, LiveCoinWatch, Blockfolio, Delta, Coinbase, Crypto Slate, Coin Tracker, Nomics, and Crypto Atlas.
There are 100,000 total CAP tokens minted.
A total of 20,000 additional tokens can be minted if governance determines it. This fund would likely be used for exchanges, distributed, used to pay developers or it could be burned.
Yes and no. The CAP contract minted 100,000 tokens originally on July 4th, 2020. There used to be an inflationary model where up to 10,000,000 tokens could be created, but that model was abandoned. 9,880,000 tokens were minted and burned on October 6th, 2020. This left the 100,000 supply minted and a 20,000 reserve fund that could be activated by governance.
100% of the CAP tokens are currently circulating.
CAP tokens were put on uniswap on a first come, first serve basis.
There was no official or unofficial presale or ICO.
The price of CAP rose rapidly after it was listed on uniswap. Some individuals were able to acquire CAP for a low cost.
You can currently buy CAP on Uniswap. CAP was officially added on Uniswap on July 4th, 2020. Trading began to rapidly accelerate after that event.
The CAP development team has had discussions about that, and with a few exchanges. At this time, CAP is only listed on Uniswap. Paying a large fee for an exchange listing would require a governance vote and paying fees..
Exchanges that we feel are legitimate that list the CAP token will be linked in our documentation and announced on our community channels.
All of CAP’s tokens were put on uniswap on July 4th, 2020. There is no liquidity for the team to lock. Liquidity is being provided by private CAP owners. This reduces the chances the team could “rugpull”.
No, a team liquidity lock does not apply to CAP, as the team is not providing liquidity. Private users are. Liquidity is therefore “decentralized”.
The most important thing CAP can do is be censorship resistant. We have seen a strong regulatory push to contain leveraged trading platforms. CAP’s domain, code, marketing, liquidity, branding and user base needs to focus on decentralization so no one can kill the protocol. There are other problems associated with that, and it’s imperative that the CAP community come to a consensus and use governance to solve problems.
The CAP treasury in the lifeblood of the protocol. The treasury provides liquidity to the trading platform, as well as a fund for CAP governance to delegate developers, marking, exchange listings, profitability and future development. A large treasury allows CAP to hold a wider variety of assets, including altcoins, commodities and complex financial instruments.
CAP protocol’s survival depends on participation and action from it’s community. As a decentralized protocol, it’s every more important that CAP holders vote, participate in discussions, make content, spread the word, and use the platform when they can. CAP’s community will have a direct effect on the success or failure of the protocol.
July 4th, 2020: Token Listing
Q3 2020: CAP Beta released
Q4 2020: User Interface developed
Q1 2021: Cap Mainnet
Q1 2021: Landing page
Q1 2021: Domain designation
Q1 2021: Adding more assets
Q2 2021: Treasury funds used to audit protocol
Q2 2021: First treasury rewards
Contracts were built with well-established standards developed and developed by the original founders of the CAP protocol: Abe and Tony
We routinely verify new versions of solidity to see if those changes will require the modification of our contracts.
We have not done a code audit as of now. A code audit is viewed as essential by many in the community, and will likely be completed in 2021 after funds in the treasury allow it to be completed.
CAP does not have any current partnerships with other organizations.
CAP founders and the community building it can be found regularly on chats like Telegram and Discord.
The CAP community does not pay any influencers to market the token at this time
Community updates are posted as they are made.
CAP has an international community behind it. So respective community members often reach out in their local languages to associates. CAP currently has a few non-english telegrams for discussion.
Absolutely. Contact our community immediately with your request.
CAP governance is very simple. Proposals are made and voted on by the token holders. A passed proposal is then implemented.
Currently, you need 10 CAP to create a proposal. This ensures the system is not overrun with useless or malicious proposals.
As with most crypto on-chain governance systems (Compound, AAVE, etc), enforcement is limited to the functionality expressed in the contracts under governance. Therefore, our platform will initially be limited to proposals regarding CAP smart contracts currently under governance which will generally be: upgradeability, token supply, timelocks, and general features of CAP governance.
CAP voting is directly proportional. 1 CAP = 1 vote. 0.1 CAP = 0.1 votes. 200 CAP = 200 votes.
100,000 votes per proposal.
Yes it can be found in both the Links and the landing page.
There is no chief executive officer, founder, or official leader of CAP. Two public founders are known.
The founders are anonymous besides pseudonyms. The project and coding was started by them.
Mostly to protect against potential litigation from overzealous regulatory authorities. CAP’s founders feel more safe developing the project while not being doxxed.
Different members of the community have taken responsibility for code development, community moderation, document creation, marketing, and strategic decision making. Decisions are made based on discussion and voting.
The CAP founders will never likely reveal their identities.
CAP’s community leaders and board are experienced copywriters, marketers, legal consultants, venture capitalists, blockchain specialists and know the crypto space very well.
We have a Telegram, Discord, Twitter, Medium, Reddit, and a website. Our community is generally split between the discord and telegram. We have community managers and developers on both platforms. Unofficial channels also exist that focus on certain subsets of CAP.