Cap Labs: Token CAP will officially launch on June 26, with the initial circulation accounting for 15.6% of the total supply.

Foresight News reports that stablecoin protocol Cap Labs has announced that the CAP token will officially launch on June 26. The total supply of CAP is 10 billion, with an initial circulating supply accounting for 15.60% (5% allocated to the ICO, 10% allocated to the ecosystem, and 0.6% allocated to market makers); private investors, the project team, and Echo community sales will begin unlocking 12 months after the TGE release, with 25% of allocations unlocked on the first anniversary of the TGE, and the remainder vested linearly over 3 years on a monthly basis. Uniswap CCA participants will be able to exchange rCAP for CAP.

In the CAP tokenomics, 47.45% is allocated to the ecosystem and community, private investors and the project team each receive no more than 20%, the ICO accounts for 5%, Private TVL Deals account for 3.75%, Echo community sales account for 3.28%, and market makers account for 0.52%.