we're officially replaying the ico season again

i am bullish on $AZTEC, the first ICO happening on @Uniswap

powered by uniswap’s new continuous clearing auction (co-built with @aztecnetwork), this is the first token sale where:

• 300k+ contributors get day-1 priority
• investors unlocks only in years 2–3, no cliff
• investors can’t stake in year 1 → no reward dumping
• foundation isn’t selling in year 1 at all
• real-time clearing, no sniping, no backroom deals
• zk-passport compliance keeps your data private
• starting price = below what a16z invested in

this is what token launches should look like.

uniswap’s continuous clearing auction (CCA) is the first token sale design that actually fixes the incentives based on this simple core idea: price should form continuously, not at the end, and everyone should clear at the same level without insider edges.

cca clears every block. bids get matched as soon as supply meets them. no sniping, no gas wars, no priority allocations pretending to be “community rounds.”

the part that stands out to me is where cca rewards truth-telling. you put your real bid early because there’s no advantage to waiting. that alone eliminates 90% of the game theory distortions in modern token launches.

its also the most transparent ico model with live supply curve, visible bid book, real-time clearing. you can literally see the market forming a price instead of guessing what insiders paid.

and aztec launching with this makes sense. they’ve always built around first principles: privacy, fairness, and actual onchain mechanics.

cca is the closest thing we’ve had to the ethos of the early ethereum ico, it’s honestly the first token sale design in years that feels like progress.

https://x.com/arndxt_xo/status/1988986134060552690