Excited to announce that we have just completed the 8th buyback and burn of $CAP.
■ 650,000 CAP has been burned.
This is part of our monthly burn activity, designed to steadily reduce the total supply of CAP, increase scarcity, and build a strong deflationary tokenomics model over time.
Each burn brings us one step closer to a healthier and more sustainable ecosystem.
So far, we have burned a total of 41.125% of the total supply, and this is just the beginning. Every month, the burn will continue.
Each month, we use protocol fees to buy back $CAP directly from the market, then burn those tokens. This reduces supply over time and strengthens long term value for holders.
There is no team or dev allocation in the tokenomics, that have already been burned. This ensures full transparency, fairness, and a community driven future.
https://basescan.org/token/tokenholderchart/0xbfa733702305280f066d470afdfa784fa70e2649