Aztec Network, a privacy-focused Ethereum Layer 2 developer, has concluded the public sale of its AZTEC token, raising approximately 19,476 ETH (around $61.3 million) from over 16,700 participants. This sale utilized Uniswap’s Continuous Clearing Auction (CCA) mechanism, a novel approach for token launches that emphasizes community participation and transparent price discovery. The CCA mechanism, developed in collaboration with Uniswap, aims to move away from insider-dominated launches, ensuring a fairer distribution of tokens.
The sale began on December 2, 2025, and concluded on December 6, 2025. The starting price corresponded to a fully diluted valuation (FDV) of $350 million, approximately 75% lower than the implied network valuation based on the latest equity financing. This pricing strategy was designed to provide a more accessible entry point for participants and to reflect the project’s commitment to fair market practices.
Over 300,000 addresses were whitelisted for the sale, including testnet participants, specific Ethereum stakers, zk.money users, and active community members. This broad eligibility underscores Aztec’s dedication to fostering a diverse and engaged community. Notably, the sale was open to global users, including U.S. citizens, reflecting the project’s inclusive approach.
Assistance with token financing
The AZTEC token serves multiple purposes within the Aztec ecosystem. It can be used for sequencer staking to secure the network, participating in governance, and may be used for transaction fees if a future execution environment is enabled. The total genesis supply is 10.35 billion tokens, with the public auction representing 14.95% of this supply. The remaining tokens are allocated as follows: 27.26% to investors and early backers, 21.06% to the core team, 11.71% to the Foundation, 10.73% to ecosystem grants, 4.89% to future incentives, and 2.41% to Year 1 network rewards.
The success of this token sale highlights the growing interest in privacy-focused solutions within the Ethereum ecosystem. Aztec’s innovative approach to token distribution and its emphasis on community involvement set a new standard for future token launches. As the project continues to develop, the AZTEC token will play a crucial role in securing the network and enabling decentralized governance, paving the way for more private and scalable applications on Ethereum.
In summary, Aztec Network’s AZTEC token sale marks a significant milestone in the project’s development, demonstrating strong community support and a commitment to fair and transparent token distribution. The funds raised will support the continued growth and enhancement of Aztec’s privacy-focused solutions, contributing to the broader adoption of privacy technologies in the blockchain space.
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