AZTEC token presale has locked in 12,500 ETH, public sale to begin today

Jinse Finance reported that, according to the official announcement from Aztec, the privacy-focused Ethereum L2 network, Aztec's pre-sale has locked in 12,500 ETH, and the public token sale process will officially launch today. Users can now complete pre-registration and KYC, and based on the current block production, bidding will begin from December 2 at 22:40 (UTC+8). This public sale adopts the CCA (Continuous Clearing Auctions) mechanism, jointly proposed by Uniswap and Aztec. The mechanism is fully on-chain based on Uniswap v4, featuring fairness, neutrality, verifiability, and avoidance of manual intervention. According to Uniswap, CCA is used for price discovery of newly issued or low-liquidity tokens, with Aztec as the first collaborative case. The reserve price for this public sale corresponds to 98,493 ETH (approximately $280 million FDV at the current ETH price), and the total public sale amount accounts for 14.95% of the total token supply. This public sale adopts a market-driven pricing mechanism that is fully on-chain and verifiable, offering a high degree of transparency. Aztec has been deeply involved in privacy technology for seven years and is the first decentralized L2 on Ethereum. The project is supported by well-known investors such as a16z, Paradigm, Vitalik Buterin, and Aave founder Stani Kulechov, and has launched the general-purpose zk programming language Noir, which has been adopted by multiple zk projects.