structekkoin（股票CTK）将开放其公共预售 - 50个阶段中的第一个

2025年5月15日，构建科因（Ticker CTK）将开放其公共预售，这是50个阶段中的第一个，共同分配了总供应的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）将开放其50相公共预售的第一阶段，以在任何交易所上市之前以受控方式分配总供应的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.

尽管当今许多加密项目都在急于首次亮相DEX，但Construct Koin正在采取“前优先，交流”的策略。目的是建立一个由忠实的贷方组成的社区，并在重点发现价格之前完成一本具有可证明现金流量的耗资1亿英镑的贷款书。

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.

预售参与者有效地成为创始贷方：Staging CTK将赋予英国住宅桥梁贷款的股份，这些贷款由第一届冠军头衔契据涵盖。 Construct Koin将深入学习的承保与里程碑介绍的智能合约结合在一起，以在几天而不是几个月内批准贷款，并将贷款利润率传递给其代币持有人。

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日发布是公众买家以最低价格和最高预售奖金加入的第一阶段。但是收益率从何而来，制度分配者应该扫描什么？

1 Why This Presale Matters to Capital Markets

1为什么这种预售对资本市场很重要

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.

资金瓶颈：英国开发商仍然面临六到十二周的银行承销周期，用于新的建筑和翻新项目。这将时间成本提高，随着劳动力和材料价格升级，每两周的制造预算增加约0.8％。私人夹层贷款人通常用更高的利息优惠券填补这一空白，但时间是房地产开发中的钱。 Construct Koin的AI Engine声称要在72小时内批准贷款，其智能合约发布仅在BIM（建筑信息建模）对新建筑项目或RIC（皇家特许测量师的皇家机构）估值报告进行估算时，仅在银行，损益表和现金流程里程碑进行验证。

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.

罕见的RWA混合物：RWA（现实世界资产）代币是2023年的热门话题 - 无论是国库，贸易融资，黄金还是商品都被标记。但是，真正的第一名房地产贷款在很大程度上仍然存在于机构领域。 Construct Koin正在向全球KYC筛选的社区开放一片收益率，同时仍保持法律资历和资产支持的风险控制。对于渴望产量的加密资金，这是一个没有现金流量的差异化因子和投机性的成员。

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

2预售数学 - 重新设计的硬帽$ 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.

可变阶段：该团队必须以5000万美元的价格出售4亿个Construct Koin（股票：CTK），起价为0.01美元，结束时为0.50美元。根据特定的公式，每阶段的线性$ 0.01增量使计划社区友好，但代币计数随着价格上涨而缩小。

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：我们可以使用截短的幂律指数β≈0.905求解σ令牌= 400 m和σ令牌·价格= 50 m。该脚本将在Github上发布，以供社区验证。

3 Where Yield Originates—AI Meets Collateral

3产量的位置 - 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.

数据堆栈：构造Koin使用内部和外部数据源的组合来推动其贷款模型。这包括宏观经济时间序列，物业市场指数和与特定发展有关的局部数据点。

4 Tokenomics Flywheel for Professionals

4个专业人士的标记飞轮

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.

预计贷方风格的APR至Stakers：8-12％，违约和费用。这与DEFI中的竞争率相比，尽管在协议中宣传APY的情况可能会有所不同。

5 Governance, Regulation & Legal Perimeter

5治理，法规和法律周边

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。核心协议职能将由社区当选理事会执行，该理事会由智能合约裁定。

6 Key Metrics to Monitor Post-Launch

6个关键指标以监视发布后

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读者曾经从事经纪仪表板的读者，将不愿意实时获得这些Etherscan证明，而不是在季度PDF报告中获得。

7 Risk Matrix & Mitigations

7风险矩阵和缓解

8 Why Institutional Desks Are Watching

8为什么机构桌

Final Take—From “Yield Farming” to Yield Building

最终摄入 - 从“产生耕种”到产生建筑物

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.

构建Koin的5000万美元预售将是2025年资产支持DEFI的关键酸测试。如果该协议可以使用Presale Persale首都出版1亿英镑的贷款书，到达第4季度2025年，回购CTK，然后回购CTK，并维持单位默认价格，然后保持单位默认率，然后可以看到早期的投资者，可以看到票房型的收入和资本欣赏和资本良好的收入和资本欣赏。

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

对于FinanceFeeds的专业受众来说，吸引力很明显：这是没有不透明文件的私人信贷经济学，在Audainity ERC-20界面中卷起。第一个数据点将在5月15日之后立即出现；价格必须等到第四季度2025年，但到那时的收率