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Stable Launches Second Phase Pre-Deposit Event with 24-Hour Countdown

Stable’s upcoming phase begins next week with strict caps, per-wallet limits, and eligibility rules under a fixed 24-hour participation window.

Summary

Stable officially announced the second phase of its pre-deposit event will start next week, featuring a 24-hour countdown, fixed total deposit cap, per-wallet deposit limits, and specific individual wallet requirements. This follows phase one’s limited participation, where only 274 addresses took part despite an $825 million overall cap.

Terms & Concepts
  • Pre-Deposit Event: A fundraising mechanism in which participants deposit funds in advance to secure allocations for a future crypto or blockchain-related offering.
  • Per-Wallet Limit: A restriction on the maximum amount of cryptocurrency or tokens that a single wallet can contribute or hold during an event.
  • Total Cap: The maximum amount of funds or tokens that can be raised or allocated in a specific offering or event.