DoubleZero Opens 2Z Token Sale to Validators of Solana, Aptos, Avalanche, Celestia, and Sui
1min read DoubleZero, a high-performance distributed communication system, has announced that it will open a sale of its native token 2Z to its validators. This initiative is specifically designed for validators of networks such as Solana, Aptos, Avalanche, Celestia, and Sui. The sale process will unfold in several stages, beginning with an expression of interest phase from April 2nd to 10th. During this period, eligible validators will use their public keys to submit expressions of interest and optionally provide a valuation or maximum budget per unit. This stage does not involve any commitment or obligation.
The next phase involves price discovery, where the submitted expressions of interest will determine the clearing price for all participants. The allocation formula will prioritize validators with a higher stake, and those who participate in price discovery, especially with higher valuations, may receive a larger allocation. Following this, eligible participants will receive a customized tender based on the clearing price, which they can either accept or decline.
This move by DoubleZero is part of a broader strategy to foster a more robust and engaged community within its network. Validators play a crucial role in maintaining the security and integrity of the blockchain network, and by providing them with early access to the 2Z token, DoubleZero aims to incentivize their continued participation and support. This approach not only rewards validators for their contributions but also strengthens the overall ecosystem by ensuring that key stakeholders are vested in its success.
The sale is part of a multi-ecosystem initiative, indicating DoubleZero's ambition to expand its reach and influence beyond its current boundaries. This initiative is likely to attract validators from various blockchain networks, further diversifying the DoubleZero community and enhancing its resilience. The use of a global platform for the sale underscores DoubleZero's commitment to decentralization and community involvement.
The announcement of the 2Z token sale is a significant development for DoubleZero and its validators. It represents a step towards greater decentralization and community engagement, which are fundamental principles of blockchain technology. By involving validators in the token sale, DoubleZero is not only rewarding their efforts but also fostering a sense of ownership and responsibility within the community. This move is expected to have a positive impact on the network's security, scalability, and overall health.
