DoubleZero's 2Z Token Lists on Binance Alpha, Upbit, and Bitget
DoubleZero, a decentralized cloud infrastructure protocol, is making waves today with the listing of its native token, 2Z, on multiple major exchanges. The token will debut on Binance Alpha, followed by Upbit and Bitget, coinciding with DoubleZero's mainnet-beta launch.
2Z will first see trading on Binance Alpha at 12:00 p.m. on Oct. 2, with Binance Futures introducing a 50x leverage perpetual contract just 30 minutes later. Upbit and Bitget will also list the token on the same day. The listings follow a significant show of support from the industry, with prominent investors such as Dragonfly Capital, Multicoin Capital, and Borderless Capital backing DoubleZero. Notable individuals like Anatoly Yakovenko and Raj Gokal have also shown confidence in the project.
DoubleZero's innovative approach includes partnerships with industry players like Jump Crypto and Galaxy, who provide fiber connections and engineering resources. The protocol follows an inflationary model, with no maximum supply cap and new tokens minted over time. Initially, only around 3.5-4% of the 10 billion genesis supply will enter circulation.
DoubleZero has also secured a no-action letter from the U.S. SEC, providing regulatory clarity for its token distribution. The 2Z token powers all economic activity within the network, including staking, governance, and rewarding providers.
The listings of 2Z on Binance Alpha, Upbit, and Bitget, along with the launch of DoubleZero's mainnet-beta, mark a significant milestone for the project. With strong industry support and regulatory clarity, DoubleZero is well-positioned to serve as a global networking backbone for blockchain validators and distributed applications.
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