What Is the CCA? Fair Price Discovery for Network Launches
Most token launches are timing games. Whoever moves fastest, pays the lowest price, or has the best bots wins. AEGIS uses a different mechanism: the Continuous Clearing Auction, or CCA.
Here’s what that means and why it matters.
What is the CCA?
The CCA is the auction mechanism AEGIS uses for price discovery and token distribution at network launch. It runs for a fixed window. Participants commit during that window. At close, the auction determines a uniform clearing price structurally — not based on who clicked fastest.
The CCA on Unichain opens April 16 at 3pm EST and runs through April 21. It distributes AGS-Unichain, the chain-specific reward token for the Liquidity Sponsorship Network. Of AGS-Unichain’s initial supply of 10 million, 2 million are allocated to the CCA.
What does uniform clearing price mean?
In a standard first-come-first-served sale, early participants get a better price than later ones. This creates pressure to move fast — and rewards infrastructure advantage over intent.
A uniform clearing price removes that dynamic. Everyone who participates in the CCA window gets the same price. The structure of your participation matters. The timing of it doesn’t give you an edge.
The Sponsor role in the CCA
The LSN is the on-chain sponsorship system at the core of AEGIS. An AEGIS Account is your on-chain identity inside it — the unit that gives you operational capacity to sponsor pools and participate in the CCA.
Sponsors bring wallets into the CCA under their sponsorship using invitations. Those invited wallets participate under a sponsor’s identity, which contributes to the sponsor’s bonus base.
The CCA bonus formula is:
bonusAmount = tierBonusBps x bonusBase
Your tier determines the bonus rate. Your bonus base grows with the AGS-Unichain allocated during the CCA to your sponsorTba and sponsored wallets. Sponsors who recruit more actively can increase their bonus base.
Where do CCA proceeds go?
CCA proceeds are routed equally across four AEGIS Engine and liquidity pools. This is not a treasury capture mechanism. It feeds back into the protocol’s operating infrastructure.
What happens after the CCA closes?
The CCA and the account mint window close together on April 21. No new AEGIS Accounts can be opened on Unichain after that point. The LSN moves into the post-CCA phase: existing account holders begin binding pools, managing sponsorships, and claiming compensation based on pool performance and protocol-native cashflows.
The CCA is the transition point from network setup to network operation.
The CCA opens April 16 at 3pm EST. It runs through April 21.
Link to CCA on Uniswap: https://app.uniswap.org/explore/auctions/unichain/0xE37d308FeD9646Af1a18Ef3C661d33dc055765de