Cap founder Benjamin admits promised 11M Stabledrop was unsustainable after lower-than-expected ICO raise ($4.24M vs $16.4M gross commitments), proposing revised no-loss allocation plan.
VC & Fundraising ·
Cap's ICO fell significantly short of its funding target, raising approximately $4.24M against $16.4M in gross commitments. The shortfall prompted the project's founder Benjamin to acknowledge that the promised 11M Stakedrop allocation was unsustainable under the revised financial reality, and he outlined an alternative no-loss allocation plan to address the discrepancy.
The funding gap reflects a common tension in token launches: the gap between committed capital and actual settlement. According to available data, 400M CAP tokens were sold at $0.0106, which produced the lower realized amount despite higher paper commitments. This mismatch exposed a structural challenge in how the initial distribution was designed relative to actual capital deployed.
The revised allocation framework remains under community review, with key details about implementation timing, token vesting, and treatment of over-committed positions still to be finalized. Whether the no-loss structure will fully restore participant confidence or require further adjustments remains unclear.