Aztec goes on sale tonight: $280 million FDV, first on-chain auction mechanism debut.

[Block Rhythm] There is another big move in the privacy track! The L2 project Aztec, which has been working on privacy technology for 7 years on Ethereum, officially launched its token public sale today.

First, let's talk about the data: During the presale phase, 12,500 Ether have been locked, and the public sale base price corresponds to approximately 280 million USD FDV (based on the current Ether price). This release accounts for 14.95% of the total supply. The time is set for tonight at 22:40 (UTC+8), and users who have completed KYC will be able to participate in the bidding.

This gameplay is quite interesting—it's based on the CCA mechanism (Continuous Clearing Auction) jointly developed by Aztec and Uniswap. In simple terms, it runs on Uniswap v4, is fully verifiable on-chain, and the price is entirely determined by the market, with no interference from the project team. It is said that this mechanism is especially suitable for new coins to discover their prices, and Aztec is the first to take the plunge.

The project background is quite hardcore: it has received investments from a16z and Paradigm, and even V God and Aave founder Stani are supporters. They have also developed a universal zk programming language called Noir, which is now used by several zk projects. As the first decentralized privacy L2 on Ethereum, it will be interesting to see what tricks this public sale can play; the market will provide the answer.