We just bought $4,500 worth of CAP from the market.
This is how we show our real belief in the product we are building.
The community often says that devs should hold their own token. We agree. That is why we will continue to buy back CAP regularly, sometimes publicly, sometimes quietly. When we want to hold CAP, we buy it from the market like everyone else.
---
About $CAP (
@capminal.eth ) tokenomics:
As you already know, every month 60% of protocol fee revenue is used for buyback. Half of the bought CAP is burned, and the other half is distributed to the CAP XP leaderboard. This creates a simple deflation model that reduces supply over time while rewarding active users.
Up to now, 41.12% of total CAP supply has already been burned. The entire dev allocation was fully burned right 3 months after TGE on
Virtuals Genesis. That means the team does not hold any special allocation. If we want CAP, we have to buy it from the market.
We build. We buy. We hold. We burn. We align with the community.
Below are evidence we bought $CAP via Butler Agent 🫡