Recently noticed an interesting phenomenon - Vitalik Buterin and the founder of Aave have both bet on the same project.

The project called Aztec held a public sale, but their approach is completely different from the usual methods: there were no airdrops to create hype, and there was no overwhelming preheating. This low-key strategy instead makes people curious about what they are really selling.

Several points worth pondering:

First, let's talk about why not to go the airdrop route? Nowadays, project teams often distribute tokens to boost popularity, while Aztec chooses to go against the trend and directly sell. What is the underlying logic here? Is it confidence in their own technology, or is there another plan?

Looking at the privacy sector again. To be honest, it has been somewhat lukewarm, but there must be a reason why top institutions are pouring money into it. What position does Aztec hold in this area? Is the technological barrier strong enough?

The specific gameplay of public sales is also quite crucial. How the pricing mechanism is designed, how the quotas are allocated, and what the lock-up conditions are—these details often conceal the true intentions of the project parties.

Finally, here is the panoramic view of the entire privacy track. Aside from Aztec, what are the projects that have received checks from top institutions doing? Comparing them might reveal some insights.

Has anyone studied these issues? I feel that the approach of this project is quite unique.