Quick Overview
The project, in its simplest form, is designed to the benefit of the community. Here is the basic breakdown of the project.
NFT Sales from CAPC are pooled into a multi-signature protected treasury.
The treasury, operating under Vaulted DeFi, will be invested into yield bearing assets. The treasury allocation can be changed over time.
The supermajority (80%) of yield generated from the treasury will be used to purchase floor Bored Apes or CryptoPunks and airdropped randomly to CAPC holder(s).
Remaining yield will be used for compound (10% put back into treasury), a small fee (5%) will be used to build future projects, and 5% will go directly to the founders.
A key feature of this project is that 100% of the revenue generated from initial sales will be sent directly to the treasury. The founders only earn money through royalties, currently set at 3.69%, and the yield founders fee. Royalties may be used for community building projects through the first few months.
Last updated
