how to raise $159,300,000, run, and come back to rug
the case of aztec
- bring privacy to Ethereum
- raised $2.1m in seed round
- raised $17m from paradigm
- raised $100m from a16z
- these were traditional vc funding rounds
first project launch and failure
- launched zk. money & Aztec connect
- tvl reached $8m
- aztec shutdown both
- moved to rebuild from scratch
testnet
- private testnet launched on february
- public testnet launched on may
- people spent a lot of money to run nodes
- no rewards
token sale
- node runners can buy early
- used uniswap cca model
- raised 19,476 eth from community
- 16,741 wallets invested
- sale fdv = $350m - $400m
governance and tge
- jan 22, tge vote proposal
- jan 26, proposal passed
- jan 29, full mainnet activation confirmed
premarket
- binance launched aztec perps
- down 50% on premarket from ico price
- literally no one is buying
funny thing
- aztec cmo said "airdrops are dumb"
- ask her this question, "now who's dumb?"