I got some questions before I attempt to go for The L76 Elite cap......

1. What is the Elite Cap reward?
2. How long do we have till the next cap raise? Would like to a time range of how long have to try and cap.
3. Which map is best to run at for most XP?

And Last......

4. I have a CoP that is crafted, and if I get the The elite cap reward will I be able to combine both for a elite ring? And will I be able to get the ring for another character?

Thanks for any useful info.