Participation Threshold: 225 Alpha Points
Binance has officially announced the eligibility criteria for the Cap (CAP) Token Generation Event (TGE) via its official Twitter account. According to the announcement, users must hold at least 225 Alpha Points to qualify for participation. The Alpha Points system is Binance's proprietary loyalty scoring mechanism, which users can accumulate through completing tasks, trading volume, or holding assets on the exchange.
Notably, participation is not free — each qualifying account will be deducted 15 Points upon joining the event. This means users must have a net Alpha Points balance of at least 225 (leaving 210 after deduction) to successfully register. The deduction is irreversible, so users are advised to check their current balance beforehand to avoid insufficient funds leading to failure.
Event Window and Participation Process
Binance has specified a strict time window: 18:00 to 20:00 (Beijing time) today, lasting only 2 hours. Users must complete the participation process within this window; late entries will not be accepted. The exact entry point is expected to be available via Binance Launchpad or the dedicated TGE portal, accessible through both the mobile app and web platform.
While the announcement does not detail Cap (CAP)'s specific sector, prior disclosures suggest the project focuses on decentralized derivatives or synthetic assets. This TGE represents a critical distribution phase before the token's official exchange listing, offering participants early access to trading rights once the token goes live.
Interested users should log into their Binance accounts in advance, verify their Alpha Points meet the threshold, and allocate sufficient time to complete the steps. Given the short 2-hour window and the deduction of points, demand is expected to be high; early action is recommended.