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BTC $62,484.54 -1.34%
ETH $1,780.70 -1.50%
BNB $569.19 -0.46%
XRP $1.06 -1.26%
SOL $74.98 -1.79%
TRX $0.3240 -2.12%
DOGE $0.0717 -1.34%
ADA $0.1572 -1.85%
BCH $232.60 -2.71%
LINK $7.91 -0.84%
HYPE $63.17 -5.68%
AAVE $95.50 -0.37%
SUI $0.7228 -1.09%
XLM $0.1790 -2.57%
ZEC $498.19 -4.79%

id

ID in the blockchain and cryptocurrency field typically refers to Decentralized Identity, which is an identity management system based on blockchain technology. Decentralized Identity aims to give users complete control over their identity information, avoiding data leaks and privacy issues found in traditional identity systems. It achieves identity verification and data sharing through distributed ledger technology and encryption algorithms, and is widely used in areas such as digital identity authentication, access control, and data privacy protection.
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Flash

first_img Cap team responds to Stabledrop controversy, admits early commitment errors and clarifies insider rumors

In response to the recent market controversy regarding the reduction of Stabledrop shares, Cap founder Benjamin issued a statement of apology and provided a detailed response. He stated that the team prematurely committed to an airdrop scale of 11 million before the funding was fully secured, but subsequent changes in the market environment led to a fundraising amount that fell short of expectations, resulting in the actual airdrop pool shrinking to 4.2 million.To avoid substantial principal losses for early YT (Yield Token) holders, the team temporarily adjusted the originally planned linear distribution scheme to a "capital protection but no profit" restructuring model, ensuring that no one incurs losses. This rule applies equally to all wallets. Meanwhile, in response to community concerns about a related whale address allegedly engaging in "internal score manipulation," Benjamin clarified that the wallet belongs to a former colleague and is not operated by the team, and that project treasury funds have not been utilized. Additionally, he emphasized that the Cap protocol is still operating healthily, and the decline in TVL that occurred over the weekend was mainly due to the surge in USDM lending rates on Aave for MegaETH, causing arbitrageurs to exit, which is unrelated to this airdrop incident. All redemptions have been processed smoothly.
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