Fair Access Token Distribution
Zug, November 13, 2025 - Aztec Network, the privacy-native Layer 2 on Ethereum, today announced its long-awaited and highly anticipated token sale, with registration for the token sale beginning today at 3 pm CET. The token sale will leverage Uniswap Labs’ newly launched Continuous Clearing Auction (CCA), a set of smart contracts developed with Aztec as a core contributor that challenges traditional pre-launch token distribution mechanisms and aims to prioritize fair access to value-aligned community members and the general public. Aztec will be the first project to leverage CCA, setting a new industry standard for community-driven, decentralization-first token distribution.
“Fair, community access should be the foundation of token launches. Given that the current system heavily favors insiders and whales over long-standing community members, CCA will flip the industry on its head. It completely changes that unjust dynamic and demonstrates our shared commitment to building infrastructure that truly serves the community.”
Zac Williamson, Co-Founder of Aztec Network
Rather than conducting a traditional airdrop, Aztec’s token sale uses the CCA protocol to prioritize fairness, accessibility, and fair price discovery for community members who wish to help bootstrap the network’s decentralized staking set and participate in network governance. The community-first distribution offers a starting floor price based on a $350 million fully diluted valuation (FDV), which represents an approximate discount of 75% to an implied network valuation (based on the latest valuation from Aztec Labs’ equity financings). The auction also features per-user participation caps to give community members genuine, bid-clearing opportunities to participate. The CCA protocol aims to address the current challenges in token distribution, where retail participants are often disadvantaged against whales and institutions that hold large amounts of money.
“For the past several months, we've worked closely with Uniswap Labs as contributors on the CCA protocol. This launch is a first for Ethereum; we have incorporated zero-knowledge proofs into the sale smart contracts by using ZkPassport's Noir circuits to ensure compliant sanctions checks without a user risking their passport details being leaked in a data breach. This is an exciting preview of what is enabled with programmable privacy on a blockchain.”
Token Sale Timeline and Participation
Registration for the token sale will begin today, November 13, 2025, at 3 pm CET. Long-standing community members will get early access and can start bidding today. The official auction bidding for the general public will begin on December 2, 2025, and close on December 6, 2025. Community members can participate by visiting the token sale site to verify eligibility and mint a soulbound NFT that confirms participation rights.
About Aztec Network
Aztec is the privacy-native Layer 2 on Ethereum. It empowers developers to build applications that protect user privacy while enabling compliance. Backed by a $100M Series B led by a16z, Aztec is led by a team of world-class researchers and cryptographers who invented trustless client-side proving—the innovation that makes privacy-preserving apps on mobile possible. Using zero-knowledge proofs (ZKPs) and the Noir open-source, Rust-like programming language, Aztec is building a secure and scalable privacy layer for the decentralized future. For more information, visit https://aztec.network/.
About Aztec Foundation
The Aztec Foundation is a nonprofit organization that supports the growth and development of open-source programmable privacy. As stewards of the Aztec Network, the Foundation conducts fundamental research in freedom-enhancing cryptography, provides support to builders developing innovative applications that protect user privacy, enable compliance, and maintains Noir, the universal language for zero-knowledge proofs. The Foundation contributes across protocol operations, technology, and commercial, ensuring the community is involved in key decisions. For more information, visit https://aztec.foundation/. The Aztec Foundation can be contacted at hello@aztec.foundation or +41 41 710 16 70.
Disclaimers
Series B Discount Price Disclaimer: Any reference to a prior valuation or percentage discount is provided solely to inform potential purchasers of how the initial floor price for the token sale was calculated. Equity financing valuations were determined under specific circumstances that are not comparable to this offering. They do not represent, and should not be relied upon as, the current or future market value of the tokens, nor as an indication of potential returns. The price of tokens may fluctuate substantially, the token may lose its value in part or in full, and purchasers should make independent assessments without reliance on past valuations. No representation or warranty is made that any purchaser will achieve profits or recover the purchase price.
Information for Persons in the UK: This communication is directed only at persons outside the UK. Persons in the UK are not permitted to participate in the token sale and must not act upon this communication.
MiCA Disclaimer: This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset marketing communication. The Aztec Foundation has published a MiCA-compliant white paper in relation to the token sale which can be accessed here.