After waiting for a full 7 years, a certain privacy protocol project is finally going to issue its Token.

They officially launched the token auction on the 2nd, and you can now register early to complete KYC, saving you from a last-minute scramble. This time, a Continuous Clearing Auction mechanism (CCA) is used, starting from the base price—those who enter early should be able to enjoy significant discounts. During the presale phase alone, over 10,000 addresses have already jumped in, locking up 6,271 ETH, and the excitement is indeed at an all-time high.

This new type of auction is quite rare, and starting at a base price does present a good opportunity for early bird players. However, how to play it and what the risks are still need to be researched clearly before taking action.

ETH-9.68%

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SeeYouInFourYears

· 6h ago

What has been waited for 7 years might just be a pitfall. The CCA mechanism sounds good, but those who really get a bargain are still the ones with significant information asymmetry, stop dreaming. Over 10,000 addresses entered the market, with more than 6,000 ETH locked up; can this heat be maintained until the auction? Starting with a bottom price? The early bird advantage is overstated; in the end, it’s still about who can spend the most. I just want to see the project’s real delivery capability; I hope it’s not just another air after waiting 7 years. To be honest, I’m not very interested in this new CCA mechanism; the risk factor is right there. Whether to enter a position depends on the specific auction details released this week. After waiting so long, it finally moved, but I’m not that excited anymore; I feel a bit exhausted.

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TokenEconomist

· 6h ago

actually, continuous clearing auctions are just dutch auctions with extra steps... the real question is whether 7 years of development actually translates to product-market fit or just hype cycles, ceteris paribus

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ChainSherlockGirl

· 6h ago

Wait a minute, 7 years of preparation just for this CCA auction? I need to check how many of those 10,000 addresses are Large Investors' Wallets...

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0xSoulless

· 6h ago

Seven years of grinding a sword, and this is the result? The early bird advantage has already been eaten up by Large Investors. 6271 ETH has already gone in, and the bottom price hasn't even started before it's been pushed up to the sky, and by then the following suckers will have to line up to get played for suckers. Watching the excitement, in reality, this is just a smarter way to play people for suckers.

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