structekkoin（股票CTK）將開放其公共預售 - 50個階段中的第一個

2025年5月15日，構建科因（Ticker CTK）將開放其公共預售，這是50個階段中的第一個，共同分配了總供應的40％

On 15 May, Construct Koin (ticker: CTK) will open the first stage of its 50-phase public presale—aiming to distribute 40% of total supply in a controlled manner before any exchange listing.

5月15日，Construct Koin（股票：CTK）將開放其50相公共預售的第一階段，以在任何交易所上市之前以受控方式分配總供應的40％。

While many crypto projects today are rushing to a DEX debut, Construct Koin is pursuing a “presale-first, exchange-last” strategy. The goal is to build a community of committed lenders and finalise a £100 million loan book with demonstrable cash flow before focusing on price discovery.

儘管當今許多加密項目都在急於首次亮相DEX，但Construct Koin正在採取“前優先，交流”的策略。目的是建立一個由忠實的貸方組成的社區，並在重點發現價格之前完成一本具有可證明現金流量的耗資1億英鎊的貸款書。

Presale participants effectively become founding lenders: staking CTK will grant a share of interest from UK residential bridging loans, which are covered by first-charge title deeds. Construct Koin combines deep-learning underwriting with milestone-verified smart contracts to approve loans in days, not months, and pass the lending margin back to its token holders.

預售參與者有效地成為創始貸方：Staging CTK將賦予英國住宅橋樑貸款的股份，這些貸款由第一屆冠軍頭銜契據涵蓋。 Construct Koin將深入學習的承保與里程碑介紹的智能合約結合在一起，以在幾天而不是幾個月內批准貸款，並將貸款利潤率傳遞給其代幣持有人。

The 15 May launch marks the first stage for public buyers to join at the lowest prices and highest presale bonuses. But where does the yield come from, and what should institutional allocators be scanning for?

5月15日發布是公眾買家以最低價格和最高預售獎金加入的第一階段。但是收益率從何而來，制度分配者應該掃描什麼？

1 Why This Presale Matters to Capital Markets

1為什麼這種預售對資本市場很重要

The funding bottleneck: UK developers still face six to twelve-week bank underwriting cycles for new builds and refurbishment projects. This pushes up the time cost, which increases build budgets by about 0.8% per fortnight as labour and materials prices escalate. Private mezzanine lenders typically fill this gap with higher interest coupons, but time is money in property development. Construct Koin’s AI engine claims to approve loans in under 72 hours, and its smart contracts release draws only when Bank, Income Statement and Cashflow milestones are verified by BIM (Building Information Modelling) on new build projects or RICS (Royal Institution of Chartered Surveyors) valuation reports for refurbishments.

資金瓶頸：英國開發商仍然面臨六到十二週的銀行承銷週期，用於新的建築和翻新項目。這將時間成本提高，隨著勞動力和材料價格升級，每兩週的製造預算增加約0.8％。私人夾層貸款人通常用更高的利息優惠券填補這一空白，但時間是房地產開發中的錢。 Construct Koin的AI Engine聲稱要在72小時內批准貸款，其智能合約發布僅在BIM（建築信息建模）對新建築項目或RIC（皇家特許測量師的皇家機構）估值報告進行估算時，僅在銀行，損益表和現金流程里程碑進行驗證。

A rare RWA blend: RWA (Real World Asset) tokens are a hot topic in 2023—whether it’s treasuries, trade finance, gold or commodities being tokenised. But genuine first-lien real estate loans have remained largely in the institutional sphere. Construct Koin is opening up a slice of that yield to a global, KYC-screened community, while still keeping the legal seniority and asset-backed risk controls in place. For yield-hungry crypto funds, that’s a differentiator versus speculative memecoins and L1s which have no cash flow.

罕見的RWA混合物：RWA（現實世界資產）代幣是2023年的熱門話題 - 無論是國庫，貿易融資，黃金還是商品都被標記。但是，真正的第一名房地產貸款在很大程度上仍然存在於機構領域。 Construct Koin正在向全球KYC篩選的社區開放一片收益率，同時仍保持法律資歷和資產支持的風險控制。對於渴望產量的加密資金，這是一個沒有現金流量的差異化因子和投機性的成員。

2 Presale Mathematics—Re-engineered for a $50 M Hard Cap

2預售數學 - 重新設計的硬帽$ 50 m

Variable-token phases: The team must sell 400 million Construct Koin (ticker: CTK) for $50 million, starting at $0.01 and ending at $0.50. A linear $0.01 increment per phase keeps the schedule community-friendly, but the token count shrinks as price rises, according to a specific formula.

可變階段：該團隊必須以5000萬美元的價格出售4億個Construct Koin（股票：CTK），起價為0.01美元，結束時為0.50美元。根據特定的公式，每階段的線性$ 0.01增量使計劃社區友好，但代幣計數隨著價格上漲而縮小。

Method: We can solve Σ tokens = 400 M and Σ tokens·price = 50 M with a truncated power-law exponent β≈0.905. This script will be published on Github for community verification.

方法：我們可以使用截短的冪律指數β≈0.905求解σ令牌= 400 m和σ令牌·價格= 50 m。該腳本將在Github上發布，以供社區驗證。

3 Where Yield Originates—AI Meets Collateral

3產量的位置 - AI符合抵押品

Data stack: Construct Koin uses a combination of internal and external data sources to fuel its lending models. This includes macroeconomic time-series, property market indices, and localised data points relevant to specific developments.

數據堆棧：構造Koin使用內部和外部數據源的組合來推動其貸款模型。這包括宏觀經濟時間序列，物業市場指數和與特定發展有關的局部數據點。

4 Tokenomics Flywheel for Professionals

4個專業人士的標記飛輪

Projected lender-style APR to stakers: 8–12%, net of defaults and fees. This compares favourably to competitive rates in DeFi, though bear in mind that advertised APY in protocols can vary widely.

預計貸方風格的APR至Stakers：8-12％，違約和費用。這與DEFI中的競爭率相比，儘管在協議中宣傳APY的情況可能會有所不同。

5 Governance, Regulation & Legal Perimeter

5治理，法規和法律周邊

Construct Koin is deploying a hybrid governance model. Core protocol functions will be executed by a community-elected council which is adjudicated by a smart contract.

Construct Koin正在部署混合治理模型。核心協議職能將由社區當選理事會執行，該理事會由智能合約裁定。

6 Key Metrics to Monitor Post-Launch

6個關鍵指標以監視發布後

FinanceFeeds readers used to brokerage dashboards will appreciate that these Etherscan proofs will be available in real time, not in a quarterly PDF report.

FinanceFeeds讀者曾經從事經紀儀表板的讀者，將不願意實時獲得這些Etherscan證明，而不是在季度PDF報告中獲得。

7 Risk Matrix & Mitigations

7風險矩陣和緩解

8 Why Institutional Desks Are Watching

8為什麼機構桌

Final Take—From “Yield Farming” to Yield Building

最終攝入 - 從“產生耕種”到產生建築物

Construct Koin’s $50 million presale will be a key acid test for asset-backed DeFi in 2025. If the protocol can use the presale capital to launch a £100 million loan book by Q4 2025, buy back CTK on-chain, and maintain single-digit default rates, then early-phase presale investors could see both coupon-like income and capital appreciation from the token price.

構建Koin的5000萬美元預售將是2025年資產支持DEFI的關鍵酸測試。如果該協議可以使用Presale Persale首都出版1億英鎊的貸款書，到達第4季度2025年，回購CTK，然後回購CTK，並維持單位默認價格，然後保持單位默認率，然後可以看到早期的投資者，可以看到票房型的收入和資本欣賞和資本良好的收入和資本欣賞。

For FinanceFeeds’ professional audience, the appeal is clear: it’s private credit economics without the opaque documentation, rolled up in an auditable ERC-20 interface. The first data points will emerge immediately after 15 May; price will have to wait until Q4 2025—but by then the yield

對於FinanceFeeds的專業受眾來說，吸引力很明顯：這是沒有不透明文件的私人信貸經濟學，在Audainity ERC-20界面中捲起。第一個數據點將在5月15日之後立即出現；價格必須等到第四季度2025年，但到那時的收率