(Zug, November 13, 2025) Aztec Network, the privacy-native Layer 2 on Ethereum, today announced a token sale, and registration for the token sale will open today at 3pm CET.
This token sale will utilize Uniswap Labs’ newly launched Continuous Clearing Auction (CCA). It is a set of smart contracts developed with Aztec as a core contributor, with the aim of making the distribution of tokens more transparent and accessible to a wider range of users.
Aztec will be the first project to leverage CCA, and “in fairness, community access should be the basis for token activation,” said Zac Williamson, co-founder of Aztec Network.
“CCA will do so, given that the current system heavily favors insiders and whales over long-time community members. This demonstrates our shared commitment to completely changing that unjust power relationship and building an infrastructure that truly serves our community.”
Rather than conducting a traditional airdrop, Aztec’s token sale uses the CCA protocol to help bootstrap the network’s decentralized staking set, prioritizing fairness, accessibility, and fair price discovery for community members who wish to participate in network governance.
The Community First distribution provides a starting floor price based on a fully diluted valuation (FDV) of $350 million. This represents an approximately 75% discount to the implied network valuation (based on the latest valuation from Aztec Labs’ equity financing).
This auction also has per-user participation limits, giving community members a true bid settlement opportunity. The CCA Protocol aims to address current challenges in token distribution, where retail participants are often at a disadvantage against whales and institutions with large amounts of capital.
“Over the past few months, we have been working closely with Uniswap Labs as a contributor to the CCA protocol,” said Joe Andrews, president and co-founder of Aztec Labs.
“This launch is a first for Ethereum. We used ZkPassport’s Noir circuit to incorporate zero-knowledge proofs into sales smart contracts, ensuring compliant sanctions checks without users risking their passport details being exposed in a data breach. This is an exciting preview of what is possible with programmable privacy on the blockchain.”
Registration for the token sale will open today, November 13, 2025 at 3:00 pm (CET). Longtime community members can get early access and start bidding today. Official auction bidding for the public will begin on December 2, 2025 and end on December 6, 2025.
Community members can participate by visiting the token sales site, verifying their eligibility, and minting a Soulbound NFT confirming their right to participate. To learn more about Aztec’s Fair Access Token Sale, read our whitepaper.
About Aztec Network
Aztec is a privacy-native layer 2 on top of Ethereum. This enables developers to build applications that protect user privacy while ensuring compliance. Backed by a $100 million Series B led by a16z, Aztec is led by a team of world-class researchers and cryptographers who invented trustless client-side attestation, an innovation that enables privacy-preserving apps on mobile.
Aztec uses zero-knowledge proofs (ZKPs) and the open-source Rust-like programming language Noir to build a secure and scalable privacy layer for a decentralized future. For more information, please visit https://aztec.network/.
About the Aztec Foundation
The Aztec Foundation is a nonprofit organization that supports the growth and advancement of open source programmable privacy. As the steward of the Aztec Network, the Foundation conducts fundamental research in freedom-enhancing cryptography and provides support to builders who develop innovative applications that protect user privacy, enable compliance, and maintain Noir, the world language of zero-knowledge proofs.
The Foundation will contribute to the operational, technical and commercial aspects of the protocol, ensuring that the community is involved in important decisions. For more information, please visit https://aztec.foundation/. The Aztec Foundation can be contacted at: (email protected) or +41 41 710 16 70.
Series B Discount Price Disclaimer: Any reference to previous valuations or discount rates is provided solely to inform potential purchasers how the initial floor price for the token sale was calculated. The equity financing valuation was determined under specific circumstances that are not comparable to this offering. They do not represent the current or future market value of the tokens, nor should they be relied upon as an indication of potential returns. Purchasers should make their own evaluations without relying on past valuations, as the price of Tokens may fluctuate significantly and Tokens may lose some or all of their value. No representation or warranty is made that the purchaser will achieve any profit or recover the purchase price.
Information for UK residents: This communication is directed only to persons outside the UK. UK residents are not permitted to participate in the Token Sale and must not act on the basis of this communication. MiCA Disclaimer: This crypto marketing communication has not been reviewed or approved by any competent authority in any member state of the European Union. The crypto asset provider is solely responsible for the content of this crypto asset marketing communication. The Aztec Foundation has published a MiCA-compliant white paper related to the token sale. You can access it here.
