DoubleZero co-founder confirms no tokens sold by foundation
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.
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Today: Hayes: Most L1s Are Fragile, Only Ethereum and Solana Will Endure
- Arthur Hayes warns most L1 blockchains outside Ethereum and Solana face collapse due to lack of utility and structural viability. - He criticizes projects like Monad for high FDV and low float, predicting 99% crashes when early investors unlock tokens. - Ethereum's modular architecture and Solana's speed-positioned for 2026 dominance-contrast with fragmented L2 ecosystems. - Hayes backs privacy coins like Zcash, citing institutional interest and potential growth from global liquidity expansion. - He fore
XRP News Today: Ripple’s Multiple Revenue Streams Reduce XRP Selling Pressure and Enhance Its Value
- Ripple's CTO David Schwartz revealed RLUSD and diversified revenue streams reduce XRP sales dependency, eliminating structural price pressure. - Previously, XRP sales funded operations, creating a self-reinforcing cycle of price declines through forced token liquidations. - RLUSD coexists with XRP as a stable liquidity tool, while enterprise solutions generate recurring income independent of token reserves. - This shift positions XRP as a utility asset rather than a cash-flow tool, with analysts noting r
21Shares Confirms TOXR Launch as XRP ETF Inflows Rise Across the Expanding U.S. Market
Brazil’s São Paulo to Launch Blockchain-Based Microloan Program for Farmers
Trending news
MoreCrypto prices
More
