STRATO ICO: Continuous Clearing Auction on Uniswap
Summary
In the STRATO community announcement the pre-bid for the $STRATO ICO is now live. The project uses a Continuous Clearing Auction on Uniswap with public bidding June 4 and auction close June 9. It aims to bring physical gold and silver onchain to trade 24/7, borrow against via USDST, and earn yield while retaining hard-asset exposure.
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
https://t.co/JaaRd1RpUf
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