I invested 25 billion in the Aztec public offering. After browsing Twitter, almost no one clearly explained the CCA model used in this public offering.
If you'd like to participate, please read carefully below 👇
I. White List Sale (Deadline: 22:00 tonight)
This is currently the priority payment phase.
Advantages: Lower participation amount, priority 25% token allocation.
The earlier you participate, the higher the allocation and the lower the cost.
II. Public Sale (December 2-6)
Everyone can participate.
75% of the tokens will be sold here.
However, the price will definitely be driven up by later participants.
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CCA Mode Introduction
1. Allocation based on block size: The earlier the allocation, the cheaper; the later the allocation, the more expensive.
I paid 25E, and after half an hour, I've already bought 12,000 tokens at a market value of 270 million.
2. Currently, there are two bidding methods:
Market Price
No matter how high the market value, the system will spend all your money.
This is why the average price is currently at 0.173U. Strongly discouraged; it blindly pushes up everyone's cost.
Capped Price: Set a maximum market value; if exceeded, the purchase will stop. Unused funds will be automatically refunded. The panel shows the estimated consumption rate (actual consumption is generally lower than the estimate). For example, if you choose to buy 500 million, the estimated consumption rate is 50%.
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Summary:
If you have a white order:
Place it immediately, the earlier the better.
And be sure to set a capped price. White orders always have a lower price and a larger allocation.
If you plan to participate in a public offering:
Once the public offering opens, a large number of market orders will directly increase costs.
Be sure to set a capped price after the market opens; don't blindly rush in with market orders. However, since it's not a white order, the capital utilization rate is usually worse.
My reasonable valuation for Aztec is below 500 million; I set a capped price of 400 million, DYOR.
