$AZTEC public token sale starts in 3 days, @aztecnetwork picking the Continuous Clearing Auction (CCA) looks complicated on the surface but kinda good play once you get it. What they’re doing is basically turning the entire token sale into one giant on-chain barometer of conviction. Easy way to ape: Each block has a chunk of $AZTEC to sell → you deposit some ETH → you set the max FDV you’re willing to pay → the auction spreads your bid across the whole sale window → you get a pro-rata slice at each block where your bid is above the clearing price. Caps max at 240 $ETH per wallet, so whales can’t roll in and carpet-bomb the book. Contributor phase only sells ~25% of supply with wallet caps. Public phase opens up the remaining 15%. The supply schedule per block goes: more tokens on opening day, zero in epoch 2, mid-range in epoch 3, then a massive final-epoch firehose of 600M+ tokens. → That pushes people to bid early, then rebid later when the big supply hits. The floor starts at $350M FDV, which is actually a 75% haircut from their last equity round. Everything you buy gets locked for 90 days unless governance votes to unlock early. → The market pushes the price wherever it thinks privacy on Ethereum should be valued. You can already see the conviction with 3K5 ETH (~$10M) committed, and top infras lining up staking shows serious players want exposure to private L2 sequencing early. As it stands, the chain is ETH but private, with $AZTEC running the sequencer, governance, and fees. They’ve been cooking since 2018, raised $117M with a16z + Paradigm + Vitalik backing, and now running 668 validators with a real programming language. And with privacy meta being one of the few narratives that still pulls in non-retail capital, what do you think this lands at TGE? I think it easily clears higher than $350M once the public opens. Something between $600M–$900M FDV at TGE feels pretty sane given the privacy premium and how hated launches tend to explode later. If demand surprises, a $1B FDV TGE isn’t even crazy. Long story short, $AZTEC looks like a good sale to ape. I’m readying my capital. Don’t forget to get doxxed first on @ZKPassport.