The important player in the privacy track, @ aztecnetwork, is on sale soon. Is it worth fighting? Aztec is an Ethereum L2 network that prioritizes privacy and focuses on implementing programmable privacy using zero knowledge proof (ZK) technology. Allow developers to build decentralized applications (dApps) that protect user data while maintaining compatibility and security with the Ethereum mainnet. Aztec raised $119.1 million, led by a16z, Paradigm, and ConsenSys, with Coinbase participating in the investment. The Aztec public auction will be open from December 2nd to December 6th, and all NFT holders can bid. On the day of the auction, the purchased AZTEC tokens can be withdrawn and pledged. The tokens for this public sale have a lock up period, which can be unlocked within 3 months through community governance voting. If they do not pass, a vote will be held every 3 months, and if they do not pass, they will not be automatically unlocked until the lock up period ends. For detailed information, please refer to the upper right corner of the official website page for Sale Facts: https://sale.aztec.network/ The current downturn in the cryptocurrency market has led to a decrease in user enthusiasm for public offerings. With a valuation of $350 million, even if withdrawn immediately, there is no guarantee of profitability. The uncertainty is even higher after one year of lock up. Friends who want to participate should assess the risks themselves. Aztec public sales details: The amount of tokens sold this time is 1.547 billion, accounting for 14.95% of the total supply. New tokens will be issued at an FDV of 350 million US dollars (a 75% discount from the latest equity financing valuation), without the need for KYC. The CCA model will be used for real-time settlement by block, and the pool will be automatically built in Uniswap V4 after the auction. The AZTEC tokens purchased through auction will be locked and unlocked for at least 90 days After February 11, 2026, the AZTEC community can initiate governance voting. If the vote is passed, the token will be 100% unlocked. If it is not passed, the community can continue to initiate new votes. If it is still not passed, the tokens purchased through auction will be automatically unlocked and allowed to be transferred on November 13, 2026, with a lock up period of up to 12 months. Auction Rules: Bidding can only be conducted in ETH on the Ethereum mainnet, with a maximum subscription of 250 ETH and no minimum limit. Once a bid is placed, it cannot be withdrawn again. Aztec Token Economics: The total supply of tokens is 10.35 billion 1/Total public sales volume (21.96%) ▪️ Sales of Genesis Sequencers in Phase 1 (1.93%) Fixed lock up for 12 months, starting from the date of public sale, cannot be changed ▪️ Second stage public auction (14.95%) 12 months of fixed lock up, which can be shortened to at least 90 days through community governance ▪️ Uniswap V4 LP（2.64%） ▪️ Bilateral sales (2.44%) 2/Ecosystem funding (10.73%) Unlock at least 90 days later, and then the foundation will decide on its own 3/Future Incentives (4.88%) Fixed lock up for 12 months, to be determined by Aztec Governance thereafter 4/Y1 Network Reward (2.41%) Unlock at least 90 days later, and then decide by community governance 5/Foundation (11.71%) Among them, 4%: completely unlocked, but subject to internal policy restrictions, the foundation promises not to use it for pledging or participating in governance voting, and cannot be changed. Remaining 7.71%: Locked for 12 months from the date of public sale, then unlocked all at once (cannot be changed after transferring to ATP). 6/Investors and early supporters (27.25%) 7/Core team (21.06%) Investors, early supporters, and core teams are not allowed to participate in pledging or governance within 12 months. Their tokens will have a lock up period of 36 months starting from November 13th, including 12 months of lock up, followed by 24 months of linear unlocking. More detailed in the white paper: https://aztec.network/b336ef30d9b609add4ea24a18a850b54d599681d39195cecb68348b6644eb Participation method: ▪️ visit https://sale.aztec.network/ register ▪️ Confirmation of Qualification for Casting Soulbound NFT ▪️ Complete sanction inspection through ZK certification Only wallets that meet these conditions can participate in this public sale Currently, 5500ETH has been used to participate in the auction of AZTEC tokens, and the auction time is getting closer. Please check if you are eligible to participate.