Cap will conduct its initial token offering through Uniswap, with 10% of the total supply of tokens allocated for sale.

Foresight News reports that the stablecoin protocol Cap will conduct its first token offering on Uniswap on February 9. A total of 10% of the total supply will be sold, with an initial FDV of $150 million. Whitelisted addresses (Caps holders and strategic partners) will have priority access to the ICO over public participants. Frontier participants will automatically qualify for the whitelist and can participate in early bidding. The sale includes a 7-day registration period (all participants must complete KYC during this time), a 2-day pre-sale period (whitelisted participants can submit bids before the official launch to secure a spot in the first sale block), a 2-day priority bidding period (whitelisted addresses participate in the sale), and a 5-day general bidding period (public and whitelisted addresses participate). Additionally, this ICO will not trigger token issuance immediately, and the TGE date has not yet been finalized.