🧵AutoCap: DataCap Allocation Based on On-Chain Activity In short: AutoCap allocates Filecoin Plus DataCap based on the amount of FIL burned through on-chain Filecoin Pay settlements. Allocation depends on each participant's share of economic activity in each round. 1/ AutoCap Overview CryptoEconLab launched AutoCap, a system for allocating Filecoin Plus DataCap based on on-chain activity. Participants can obtain DataCap without an application or approval process, as they earn DataCap simply by engaging in economic activity on Filecoin. 2/ Importance Previously, obtaining FIL+ DataCap required application and manual approval. AutoCap provides an alternative. Allocation can be based on verified on-chain economic activity without prior permission. 3/ Economic Signal Filecoin Pay settlements burn a portion of FIL. These burning activities are permanently retained on-chain and visible. AutoCap uses these burning activities as proof of economic contribution and allocates DataCap based on this. 4/ Registration Participants register for each round of the event through the AutoCap control panel. They submit a burn address, pay a small registration fee, and provide a DataCap receiving address. Only burns from registered addresses are counted. 5/ Event Window During the event window, participants use Filecoin. Payments are denominated in FIL, and a small portion of FIL is burned with each settlement. AutoCap tracks these burns from registered addresses. 6/ Distribution Each round of the event defines a fixed DataCap pool and a time window. At the end of the event, DataCap distribution depends on the share of the total FIL burned by each participant in that round. 7/ Mainnet Rounds AutoCap has completed its first round of testing on Calibration. Mainnet is now launching in phases: DataCap pools of 10 TiB, 50 TiB, and 100 TiB, each with different registration fees and participation windows.