DoubleZero Foundation’s Silent Move: Why No Token Sales Could Be the Biggest Power Play Yet
Ever wonder what it takes to build trust in the wild world of crypto, especially when token sales often raise more eyebrows than enthusiasm? DoubleZero’s co-founder Austin Federa just dropped a bombshell: the DoubleZero Foundation hasn’t sold a single token since launching its mainnet beta. In an era where transparency is as valuable as the tokens themselves, this revelation calms the storm of speculation surrounding foundation token movements. With the team, founders, and venture investors locked into token lockups, DoubleZero is signaling a commitment to long-term stability and security for its high-performance physical data network designed to revolutionize global connectivity. It’s a bold move that not only addresses community concerns but also marks a pivotal moment, especially after the SEC confirmed that their native token flows aren’t considered securities—a clear green light for compliance and growth. Curious how this impacts the future of DoubleZero and the broader crypto space? Dive deeper and get the full scoop. LEARN MORE.
DoubleZero co-founder said that the project’s team, founders, and venture investors are all under token lockups.
Key Takeaways
- DoubleZero Foundation has not sold any of its tokens, confirmed by co-founder Austin Federa.
- The statement addresses community concerns about foundation token sales following the launch of DoubleZero’s mainnet beta.
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DoubleZero co-founder Austin Federa confirmed today that the DoubleZero Foundation has not sold any tokens. DoubleZero is a blockchain protocol focused on building a dedicated high-performance physical data network to enhance global connectivity for high-speed applications.
The clarification addresses potential concerns about foundation token movements. The DoubleZero Foundation operates as an entity supporting the development, decentralization, security, and adoption of the DoubleZero network.
DoubleZero recently received confirmation from the SEC that its native token flows to network contributors are not subject to securities registration requirements, marking a key milestone for the protocol’s compliance efforts.
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