Aztec Network Launches Token Sale with 75% Discount to Venture Valuation, Leveraging Uniswap's CCA

Aztec Network, a privacy-focused Ethereum Layer 2 solution, has initiated a token sale for its native AZTEC token, featuring a starting floor price at a 75% discount to its venture round valuation. The sale, designed for long-term sustainability and fair access, incorporates zero-knowledge (ZK) compliance checks and is accessible globally, including to participants in the United States.

Lisa Cuesta Bunin, Chief Operating Officer at Aztec Network, announced the details, stating, "As all things with Aztec, this token sale sets a new standard and was designed to last." The sale is conducted entirely on-chain using Uniswap's Continuous Clearing Auction (CCA) mechanism, aiming for a fair clearing price determined by market demand without special discounts. The public auction is scheduled to run from December 2 to December 6, 2025.

The initial floor price is based on a $350 million Fully Diluted Valuation (FDV), representing a significant discount from the implied network valuation derived from Aztec Labs' latest equity financings. This community-first distribution strategy includes per-user participation caps to ensure broad access. Early contributors and whitelisted community members, such as genesis sequencers and former Aztec Connect users, were granted exclusive early access to bidding.

Aztec Network, founded in 2018, has raised over $170 million from prominent investors including Paradigm, a16z (Andreessen Horowitz), and Ethereum co-founder Vitalik Buterin. The project is dedicated to building a privacy-native Layer 2 network on Ethereum, employing zero-knowledge proofs to enable encrypted smart contracts and private transactions while maintaining verifiability and inheriting Ethereum's security. The AZTEC token will be utilized for sequencer staking to secure the network, governance participation, and potentially for transaction fees in future execution environments.