Most token launches still revolve around a team picking a valuation first and everyone else just accepting it.
That’s probably the most interesting part of the
@strato_net Community ICO to me.
Instead of launching $STRATO at a fixed number, they’re using a Continuous Clearing Auction on Uniswap where the market collectively discovers pricing across the auction window itself.
The bigger thesis behind it is interesting too — bringing physical gold and silver onchain in a way that makes them actually usable inside DeFi instead of just sitting idle as passive assets.
Trade them 24/7.
Borrow against them through USDST.
Earn yield while keeping exposure to hard assets.
Pre-bid phase is now live.
• Public bidding starts June 4
• Auction closes June 9