Token sales are generally crazy.
Ever watched a bunch of people fight over the last PS5 at Black Friday?
That's basically how token launches worked.
Until @Uniswap and @haydenzadams built Continuous Clearing Auctions (CCA).
The old token launch playbook:
- Fixed price? Bots win
- Dutch auction? Professional traders snipe the bottom
- One-shot auction? Whales game the system
You're basically showing up to a knife fight with a spoon a ledger and some spare prayers to Satoshi.
CCA flips the script.
Instead of "fastest finger wins," your bid gets automatically SPREAD across the
entire auction.
Submit once. Get filled gradually. No sniping.
It's like a buffet where everyone gets food, not a Black Friday stampede.
Here's the magic:
At the end of EACH BLOCK, the protocol calculates ONE clearing price—the highest
price where all tokens can sell.
Everyone in that block pays the same price.
No insider deals. No backroom handshakes. Just math.
"But what if I bid too high?"
You set a MAX price. If the clearing price goes above your max? Your bid goes "out
of range" and you can withdraw it.
If it's at or below? You get filled.
You're protected from overpaying by design.
The early bird actually gets the worm here.
Bid early = your bid spreads across MORE blocks = more chances to fill at lower
prices.
Wait until the last minute = you only catch the expensive blocks.
For once, patience (and showing up early) wins.
When the auction ends, the raised funds + remaining tokens automatically seed a
Uniswap v4 pool.
No "okay now let's figure out liquidity" phase.
Price discovery → Instant liquidity → Trading begins.
One smooth pipeline.
Why this matters:
Old launches: Project team sets price, hopes for the best, gets rekt by bots.
CCA: Market discovers the price. Everyone pays the same clearing price. Liquidity
bootstraps automatically.
It's what token launches should've been from day one.
tl;dr on CCA:
- Bids spread automatically (no sniping)
- One clearing price per block (fair)
- Early = better avg prices (rewarded)
- Auto-seeds V4 pool (seamless)
- Add modules like ZK passport (compliant)
The ICO is back. This time with guardrails.
Happy ape-ing Anon.
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