/biz/ - Business & Finance

cap.finance, look it up:
coingecko.com/en/coins/cap

*Cap.finance is a decentralized platform for crypto perpetuals (long/short using up to 100x margin), stock synthetics (5000+) and forex synthetics (200+) as a main product. It will also build their own native oracles, have lending/borrowing, staking, asset management, prediction markets, identity, insurance etc.
(blog.cap.finance/2020/09/02/the-roadmap.html)

*The native token CAP generates yield from negative performance (excess funds from CAP Liquidity Pool) of platform users in form of buyback and burn, which will continue to drive up the trading price of CAP. It's also used as a governance token.

Okay, now how valuable could a decentralized perpetual and synthetics platform be? Multicoin Capital thinks it's the most important application in Defi -
>We believe that the largest and most lucrative opportunity in DeFi is to create a protocol that allows anyone in the world to trade any asset. We have been referring to this idea as “Decentralized BitMEX” internally for over a year. The idea of a decentralized exchange protocol that enables synthetic assets is compelling for several reasons.
(multicoin.capital/2020/09/08/trade-offs-in-the-decentralized-bitmex-space/)

CAP's fully diluted market cap is at $7.3M ($61 x 120k CAP).
Lets compare it to the competitors:

SNX is $868M (118x difference)
LINA $134M (18x difference)
BZRX $172M (23x difference)
PERP $163M (22x difference)
Hegic $319M (43x difference)

The platform will launch this month, which means now might be the perfect time to enter before the word starts getting out.
Beta testing for perpetuals is already done: https://www.youtube.com/watch?v=0c1oHVFRB4g
Synthetics (AAPL/DAI) are now being tested on Ropsten testnet: synthetics.cap.finance/#/

>>23079072
dang my fellow cappas are quick with info

boolish but how to get liquidity for so many assets?

>>23079072
might want to edit that perps wont launch until they find a way to make it fully decentralized. All focus is on synthetics now which could be game changing DeFi

>>23078971
>>23079072
kek

based

>>23079109
There's a CLP (CAP liquidity pool) that anyone can contribute to with stablecoins and will generate fees. CAP holders will benefit from the excess liquidity from the pool in the form of weekly buy backs and burns of CAP tokens

>>23079155
normies will buy our bags at $10k/cap

Based CAPPA's

>>23079263
I hope it get's the high anon :)

ONE PERSON OWNS FUCKING 54,000 CAP WHICH OVER HALF THE SUPPLY. THIS IS A RUGPULL GET OUT WHILE YOU CAN

I bought 3.6 CAP a few days ago. It's in my coinbase wallet on my phone but it doesn't have a value beside it, what gives? Also, what is CAP? I have no idea and why is a token burn a good thing? How much is a CAP coin?

Why did they burn my tokens?

I REPEAT, ANON DEV'S "FRIEND" OWNS 54,000 CAP OR OVER HALF THE CIRCULATING SUPPLY WITH NO RESTRICTIONS. DO NOT, I REPEAT DO NOT PUT ANY MONEY INTO THIS YOU'RE GOING TO GET FUCKING RUGGED HARD

>>23079483
imagine at one point there will actually be 5000 stocks you can buy with DAI in a fully decentralized way and it can't be shut down. By then Abe has already probably worked out a way to make crypto perpetuals sufficiently decentralized.

how could it not be valued at $1B minimum?

>>23079504
kek
>>23079499
it's a new token which might not be integrated to coinbase wallet yet. The token burn was good because it means more certainty and less risks for you + less things to worry about for new buyers.

>>23079627
GET DUMPED ON BY ABE AND CO

>>23079653

>>23079551
Dev already explained this to you Criptix. That amount is owned by a team partner and they have a written contract not to sell for 2 years. There's two scenarios:

1) The devs are telling the truth and this person won't sell for 2 years. Supply is now 46k for two years. Very bullish

2) The devs are telling the truth but the partner goes rouge. He can't dump all at once but does it over a week's span. Now you'll have multiple dips where you can load up on CAP.

Either way, in the case of a fully launched protocol, this is a 500M+ MC

>>23079689
FIFTY FOUR THOUSAND
ONE HOLDER
HEALTHY

>>23079716
This is a complete lie.
There is no "contract" between the devs and the owner. None of this can be even verified.
Retarded reddit spacing faggot

>>23079653
"abe"

>>23079653
are you seriously telling me you don't trust these innocent eyes?

>>23079760
Well then by your logic you can't verify that there's no contract if I can't verify there is one :)

>>23079857
shutup faggot. His friend has 54,000 CAP and there is nothing you can do about it.

>>23079949
>let early investor buy over 50% of the circulating supply
>early investor

>>23079871
See this is why you're banned from TG. I'm calmly explaining the situation to you and you're making me sad from this name calling, cryptix. If you don't believe them you don't have to. No one is forcing you too. You have the option of selling your CAP and leaving. Oh, wait, you don't own any :)

>>23079949
>>23079949
why did you leave the rest of it out?

>>23080009
It's you haha I can tell by your stupid ass cadence in how you write

>>23080012
>imagine thinking an anon dev has any power to stop him from dumping
lol get rekt

>>23080003
I know Abe owns 750 CAP. Don't know about Tony. They literally burned $610M today so your rug theory is losing steam

>>23080053
We'll just buy more CAP if they do dump :)

Doesn't do anything to the fundamentals of the protocol

>>23080055
imagine being this much of brainlet
RUGS are getting more sophisticated. CAP is going to rug when the devs friend dumps 54,000 CAP after the word gets out. It's ALREADY OVER

>>23080090
>le fundamentals
>reddit spacing
The absolute state of capholders in 2020. The coin will be dead.

>>23080055
Right. Why would they burn if the plan was to just dump?

Cryptix FUD is laughable at this point. If he spent half the amount of time hes spent trolling on doing things to accumulate coins (any coins, really), hed be much more comfy then he is now.

Ah, well...people trolled link for years on here and look at that coin. Top 10 and people still screaming scam lol

>>23080093
>10 posts by this id
>>23080012
>6 posts by this id
What province ranjeets?

>>23080162

>>23080093
is you lmao
I can't stop laughing at your posts

lol now they're REDDIT POSTING to go along with REDDIT SPACING

>>23080139
yellow cake worst mod btfo

>>23080093
So why didn't they rugpull when the price was $134 and they could've made $5M+ with minimal effort? The devs have been honest so far: active github, tokenomics updates to benefit the community, huge token burn, working testnet...

Also, the founders of Coingecko, Aleph.IM, Jarvis Network as well as other DeFi regulars are in the chat. Are you saying they're all being duped as well? Are you saying you cracked the code and are the smartest one who discovered the secret CAP rugpull scroll?

>guys guys he won't dump on us I have a contract with him he's anon and I'm anon he's got a contract OK round eye

>>23080242
Yes I am
>he thinks $5m USD Is a lot of money
lol poorfag reddit spacing

>>23080162
>>23080204
>>23080260

>>23080295

>thinks he's the smartest man in DeFi

lol

>>23080295

>>23080312
>8 posts by this id
>>23080334
>12 posts by this id

>>23080414
>18 posts by this id

>>23080414
I really don't see the point you're trying to make. If you don't hold CAP or don't believe in the project....just sell

If you honestly think this is a rugpull then your biz efforts won't do a thing. If you're really concerned about this conspiracy then take out some Facebook ads or pay for a billboard downtown. DeFi investors are going to "lose" the most money since they have more so why don't you direct your noble efforts to DeFi telegram chats or DeFi news sites?

It's gone from "associate" to "unknown buyer" to "partner" to whetever the hell they call it next

>>23080526
>reddit spacing
>if-if y-you don't like it th-then don't buy!
>sitting on a timebomb with a 54k holder that can nuke the coin anytime

>tfw Yellow Cake is actually going to be the source of your team decision making in the future
This shit is done for. With dumbasses like this at the helm there is no fucking hope for CAP

>>23080593
I don't see anywhere where he mentions it being an unknown buyer

If they sell, I'll be buying. Would you buy bitcoin if Satoshi sold it down to $1000.

And yeah, that's exactly what I'm saying lol no one is forcing you to buy

>>23080717

>>23080804
>comparing CAP to BTC
oh lawd lmao

IT'S GOING DOWN AHHHHHHHHHHHH

>>23080974
If you really are the smartest in DeFi you'd understand that I'm not comparing them on every front. Just the fact that, if the fundamentals don't change, then a big dip is a good deal :)

>>23081067
Opportunity to buy more :)

>>23081126
>buy le dip guise!
>it's good when someone dumps over half the supply!
>i am in it for the tech!

>>23081166
>thinks getting a better price on a token is a bad thing
>thinks tokens getting distributed more evenly which decreases the chance of big dumps in the future is a bad thing

yeah, sorry I'm not a degen gambler lol I like to find projects that have real DeFi use cases

>>23081341
This is retard tier shit. This coin was doomed by design when they let someone (an "associate") buy 54% of the supply lmao

>>23080012
Thanks for warning /biz/ I hate faggots like OP so fucking much, peddling snake oil scams and conveniently leaving out important details like 1 random guy having a giant supply which he can dump at will, then when it gets pointed out his only reply is "oh well good if he dumps and price crashes down we can buy more!" Fucking lying piece of shit telling newfags that massive dumps if his shitcoin are just buying opportunities

>>23081497
I got you bro. They can't keep fucking getting away with this shit.

>>23081443
We shall see Cryptix

>>23081497

We've mentioned it in other biz posts you can find in the archives. Or, you know, DYOR and go to Telegram.

No need to use a second IP to post this anyway criptix or, if it's not you, Louboutin

Also, "snake oil scam"? There's a github you can view/audit and a testnet you can participate in lol

>>23081670
Look at this leddit spacing lmao. Also who is cryptix. I don't know what the fuck you are talking about. I'm not banned dumbass boomer I can see you.

ONE PERSON, WHO REMAINS ANON, HAS 54,000 CAP, which is even with the ENTIRE TEAM UNLOCK nearly 50% OF THE SUPPLY. NOTHING CAN STOP THEM FROM DUMPING IT WHENEVER THEY WANT

>>23081775
Again, why put this much effort fudding a project you have no stake in? Let alone watch the TG if you don't have any want to buy in? You have some weird hobbies

>>23081842
I hope you keep warning biz all the way up to $1B mc mate

ngl, it's very entertaining

>>23081985
:)

>>23081670
>2nd ip

Yeah because only 1 person in the whole of /biz/ is calling out your bullshit everyone else is buying into this amazing once in a lifetime opportunity? I had never heard of this project until this thread but seeing the way you act when confronted with uncomfortable issues tells me all I need to know
>massive dumps are good we can buy the dip
Seriously how the fuck can you even say that with a straight face? Not even pajeet scammers stoop that low how fucking dumb do you think we are to fall for that line kys faggot

>>23082394
? I've been telling this dude everything that I've heard from the devs + TG while being respectful of his opinion while he resorts to name calling and trying to cause panic lol

Cap is building a protocol that currently anyone can contribute to. This will be a game changer for Defi and global finance. An unstoppable Synthetics protocol. Sick.

>>23082483
>i have been respectful of his opinion

I have read the whole thread and your back and forth with him how is lying "being respectful"?
>>23079716
>>23080090
>>23080804
>>23081126

There you go those are 4 of your posts where you are seriously saying that 1 person owning half of tokens and dumping is somehow good because if lrice crashes you will buy the dip. How the fuck can you lie like that and say you are being respectful? Seriously, kill yourself you will do the world a favor. Even pajeet scammers with defi clones at least pretend and say things like "funds are locked" etc. You are trying to jew your way into having us think that 1 person holding half the supply is bullish! Like I said thanks for showing me everything I need to know about this project with your lies schlomo

This would be great if they did. As those tokens need to be redistributed, I hope it happens soon.My wallet is open and ready.

>>23082705
everyone rightfully assumes the 54k is owned by the devs and them referring it as 'partner VC' is just to mitigate regulatory technicalities

it's an additional risk to consider if you presume bad faith by the devs, but judging from how they've delivered everything so far, it doesn't seem to be the case

It won't change the protocol any. Cap is going to be a foundation. Price is really irrelevant in the short term, or if affected by dumps, or profit takers. Cap is more than a token, it is a protocol on which other things can be built. You think a large dump would kill the protocol? I think not.

>>23082934
also as a reminder:

the same wallet that bought the 54k CAP has a wallet that used to have 41k ETH

etherscan.io/address/0x63c81b5c9db704d3be56a0e4b7b6e262208441e6#analytics

Right, so those coins are probably safe. As whomever owns them obviously knows how to make money.

>>23082705
lol where did I lie? He brought up the 54k. I didn't say it doesn't exist but told him my reasons why it's not a big deal. And no problem! We will sorely miss your would be contribute to the community :)

>>23082934
>>23083365
>dont ask questions goy a single person owning half the supply and dumping would be bullish!

Fucking disgusting idgaf about your project but from now on ill do what I can to warn /biz/tards to stay away from crooks like you

>>23083583
thanks for free bumps mate
will be appreciated down the line

The wallet that brought half the supply for basically pennies split them over multiple wallets. Most of the top 50 wallets belong to them. Could be the 2 devs wallet and they’re lying about it. At the time of launch they were suppose to have a max supply of 10 million. I’m pretty sure they launch the way they did to capitalize on the Compound launch at the time. Now that they see how big YFI got... they’re capitalizing on the 100k supply. The fact the half of the supply is the control of one or two people will forever be a stained on the project. Also, Perps were suppose to launch this month and now they’ve cancel that to focus on Synths which was initially suppose to take some time. I don’t believe they will launch anything on mainnet this month.

Cap catching on soon. Close to 100.00 now. Uniswap has only limited supply left.

>>23083692
that buyer doesn't own most of the top 50 wallets, just 14

>>23083858
Owning half the supply and 14 of the top wallets is a problem. Owning 56k of 100/120k tokens will lead to more FUD now and in the future. So this token will PND constantly. Unfortunately, this what happens when you don’t carefully consider how you launch and launch based on hype.

Cap is more than a token. It is a protocol. Owning the token represents a direct ownership in the CLP, the Yields from the protocol usage, so price of the token is irrelevant in terms of market moves or volatility, long term holders will be set once Yields are steady.

>>23084055
Yeah and half the protocol is owned by 1 or 2(devs). This is great ammunition for FUD and will used now and in the future. Aside from that, if/when they launch you’ll have to hope CAP gets significant usage to produce enough yield to warrant holding CAP. Aren’t the yields from protocol used to buyback CAP? So price of token does matter. It would make sense if yields were paid in dai.

The protocol is owned by nobody, it's open source, lol

The value lies in the accumulated yields in ths Cap Liquidity Pool, or CLP. Owning Cap to trade is different than holding long term. Once the protocol gets used by others as a base layer, then they build on top, and CLP benefits.

This is about more than a token with a price, what Cap is building, will change the face of Defi. This is truly a game changer.

>>23084055
>price of the token is irrelevant

So why are you lying abiut it and shilling it here to get poor anons who dont know any better to buy?

Don't buy Cap, just look at what they are building. Then sit back and watch the price of this token as it gains the value it deserves. This protocol, will be used by potentially hundreds of other projects. They will be completely decentralized and unstoppable. Some don't care about the token price, as they just want to build something that will change the world of finance for the better. But watch the price, it will rocket.

>>23084695
keep the bumps up mate

>>23084983
Keep not answering, im sure having your thread bumped and seen by more anons is helpful specially when they read the thread and see you and the others can only lie about it and deflect questions about half the supply being owned by 1 person.
>price doesnt matter anyways
>but please pump my bags so I can dump them for a profit

Synthetic asset trading. Oracle + smart contract + IPFS + unstoppable domain, end to end decentralized and unstoppable.

Regarding regulations - it’s a new world. Securities trade every day on Uniswap nowadays. The world will have to adapt to us, not the other way around.

>>23085077
We've answered all of your questions about the 54k person lol you're the one refusing to accept that, yes, there's a risk involved but, judging on how the devs have delivered on everything promised thus far, we're more inclined to believe and trust them over some rando fudders on biz

>>23078971
Bought this for 11$, sold for 9$ at the launch. Nice fundamentals, but only 2 anon devs and one whale owning 60% of the supply (it's devs most likely). So, I don't really think that they deliver

>>23085929
?
They have a working product on Ropsten and all the synthetic code is open source on github. Plus you sold for a loss ??

>>23085995
>Plus you sold for a loss ??
Yes, because it looked like they exit scam at any moment

>>23086653
Lol it's easy to say they won't deliver when you got burnt for not trusting that they would deliver

>>23086653
Happens to the best of us

Cappa 4300

>>23087388
Based and cappilled

>>23085787
Your tg shill group hasnt answered anything. Saying "great if the anon majority holder dumps its good because I get to buy the dip" isnt an answer

The goal for Cap is to be fully community owned so a DAO or some sort of self governing structure is part of the plan.

As part of Cap Synthetics we'll probably also have the CLP contract with contributions starting some time in Oct.

And in Oct the rest of the CAP token contracts: staking, etc

>>23087539
What's the question?

>>23079492
>>23081497

These were the first two posts from the FUDsters and I don't see a question asked in either

Competition is a fact of life nowadays. The only true sustainable competitive advantage is how much the team and community behind the project care about it in the long run. We care a huge amount about decentralization and what it enables. We truly think it will change the financial and power dynamics of the world. It's our life mission.

>>23087539
I am the holder of the 54k tokens.

I have no plans to dump. Ever.

Cap is my baby and I will see this project through.

Now please find another coin to FUD about all day, every day. Or get a gf.

Owned

>>23088978
gg fudders, catch you on the next thread :)

>>23078971
>9.88M CAP burnt
>$610M worth of tokens burnt
Translation: Nobody bought this shitcoin.

It's a protocol. It will survive weather you buy the coin or not. Those that do, will reap the Yields.

>>23089009
I will be there to remind anons how you tried to shill this then tried to deflect and avoid answering when confronted with the fact a single person owns more than half the supply, and when confronted with facts tried to play it off by saying a massive dump would be good for token holders. I do admire your sophistry and sliminess did you pick it up while studying the Talmud?