Aztec Network: $17.78 million raised in token auction pre-sale phase

Aztec Network has launched a token auction pre-sale phase, with over 10000 addresses participating and raising 6271 ETH (approximately $17.78 million). The auction adopts a continuous settlement auction (CCA) method, and the fully diluted valuation corresponding to the reserve price is $300 million, far lower than the valuation of $1.2 billion when a16z led the B round in 2022. The auction will end on February 6th and the token will be unlocked 100% after TGE, but it cannot be transferred or traded in the initial stage and can participate in staking. (Ashes)