Unlock Schedule
Cap (CAP) Token Unlock & Vesting Schedule
As of November 11, 2026, 1.56 billion of the 10 billion CAP (15.60%) have been released. The remaining 4.33 billion CAP, 4.25 billion of them estimated, are worth about $441.37 million at today's price (277.94% of the market cap). Of these, 1.44 billion CAP release over the next 12 months, mostly from Private Investors and Project Team. The next release, a cliff, is on June 26, 2027: 1.08 billion CAP (1 billion of them estimated) from Echo Community Sale, Private Investors and Project Team. CAP is fully unlocked in June 2030; after that date the schedule has no further dated releases.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
CAP’s role and distribution
CAP has a stated total supply of 10 billion tokens. Cap described its 2026 public distribution as including a batch auction for 4% of that supply and an additional 1% offering through Binance. The company also said allocations for private investors, the team, and the Echo community sale had a 12-month waiting period after the token launch before they began unlocking. These details describe how parts of the supply entered circulation over time. (globenewswire.com)
Cap describes CAP as a governance token for limited platform decisions. It has also linked the token to a plan for protocol-fee buybacks. That gives CAP a role in the wider credit system, but it does not make CAP the token users deposit to mint cUSD or the token they receive for staking it. Loan interest and reserve income flow through the protocol’s separate accounting and distribution mechanisms, including those for stcUSD holders and underwriters. (globenewswire.com)
The project’s earlier “Caps” were participation points used in community programs. CAP refers to the governance token launched later. The similar names reflect two different parts of Cap’s history. (cap.app)
Upcoming CAP Releases
| Period | Allocation | Type | Amount | Value | % of supply |
|---|---|---|---|---|---|
| Jun 2027 | Private Investors | Vesting, estimated | 500M | $51M | 5.00% |
| Project Team | Vesting, estimated | 500M | $51M | 5.00% | |
| Echo Community Sale | Vesting, researched | 82M | $8.4M | 0.82% | |
| Jul 2027 | Private Investors | Vesting, estimated | 41.7M | $4.2M | 0.42% |
| Project Team | Vesting, estimated | 41.7M | $4.2M | 0.42% | |
| Echo Community Sale | Vesting, estimated | 6.8M | $696.9K | 0.07% | |
| Total, next 12 months | 1.4B | $147.1M | 14.43% | ||
Values at $0.102 per CAP (November 11, 2026), today's price, not a forecast. Releases continue after October 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.
Assumptions
Cap minted 10 billion CAP on May 8, 2026; that creation is separate from the later release of already-minted tokens. The chart shows the ICO and an estimated ecosystem release at the June 26 token launch, followed by published anniversary cliffs and three years of monthly vesting for investors, the team and Echo buyers. The investor and team amounts use published ceilings, while the market-maker launch release relies on secondary timing information. Most of the ecosystem budget and the private TVL deals have no published release dates and are not assigned invented chart dates.
- Ecosystem and Community: The sources give the amount but no release dates.
- Private TVL Deals: The sources give the amount but no release dates.
- 1. https://docs.cap.app/overview/tokenomics
- 2. https://etherscan.io/tx/0x5cf513240f7cdeb678d3a2cb38f705745e106b8f1650255bf8f24ea0a47c2900
- 3. https://etherscan.io/token/0x99991c6AAbba5a096f24f250b73580F5179b9999
- 4. https://www.cap.app/blog/investor-update-q2-2026
- 5. https://www.binance.com/en-IN/square/post/338154279162865
- 6. https://app.tokenomics.com/tokenomics/cap
- 7. https://www.cap.app/blog/cap-stabledrop
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 3 markets on OKX, Binance and Lighter · $32.6M open interest
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 4,112,000,000 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Description
#192
Cap is a decentralized stablecoin protocol built on MegaETH that issues redeemable stablecoins like USD, Bitcoin, and Ethereum, uses shared security networks for risk underwriting, and employs high-frequency yield strategies via native decentralized applications.
| Sector: | Asset Management |
| Blockchain: | MegaETH |
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 3 markets on OKX, Binance and Lighter · $32.6M open interest