{"id":126342,"date":"2025-04-02T20:17:15","date_gmt":"2025-04-02T20:17:15","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126342"},"modified":"2025-04-02T20:17:15","modified_gmt":"2025-04-02T20:17:15","slug":"doublezero-protocol-announces-validator-token-sale","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126342","title":{"rendered":"DoubleZero protocol announces validator token sale"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe DoubleZero Protocol, a blockchain infrastructure network aiming to multiply speeds and efficiency for distributed networks, announced a validator token sale to sell token-purchase agreements for its native token to prospective validators.<br \/>\nApplications for the sale will be accepted April 2-10 through the CoinList platform, marking its first public token sale in the United States since 2019. The round is only available to accredited investors.<br \/>\nAccording to the protocol, only validators currently serving the high-throughput Solana, Celestia, Sui, Aptos, and Avalanche networks are eligible to apply.<br \/>\nInterested parties are invited to submit bids declaring a per-unit token price and maximum budgets, which will be aggregated to determine the final sale price offered to the participating validators.<br \/>\nA diagram of the DoubleZero validator funding round process. Source: CoinListIn a statement to Cointelegraph, Austin Federa, co-founder of the Double Zero protocol and former Strategy lead at the Solana Foundation, said:<br \/>\n&#8220;The DoubleZero CoinList sale is a first-of-its-kind opportunity for the validators who are already securing the most performant and distributed blockchains. It opens access to infrastructure that will power the next generation of distributed systems.&#8221;<br \/>\n&#8220;This industry has seen huge investment and innovation at the top of the stack \u2014 it is time to revolutionize the physical infrastructure layer powering high-performance distributed systems,\u201d Federa said in the statement.<br \/>\nThe token-purchase agreement comes amid a recent uptick in capital fundraising from crypto firms and crypto venture capitalists \u2014 suggesting that the market has room to grow in 2025.<br \/>\nRelated: Crypto VC giant targets $1B for new funds, expects oversubscription \u2014 Report<br \/>\nDoubleZero protocol targets mainnet launch in the second half of 2025<br \/>\nThe DoubleZero Protocol is aiming to launch its mainnet during the second half of 2025 following a successful $28 million fundraising round completed in March.<br \/>\nCrypto venture capital firms Multicoin Capital and Dragonfly Capital led the most recent fundraising round.<br \/>\nFirst page of the DoubleZero Protocol white paper. Source: DoubleZeroDoubleZero aims to increase the speed and communication of blockchain networks by using a dedicated network of fiber optics to provide the physical infrastructure for high-speed, low-latency blockchain connectivity.<br \/>\nThe focus on a dedicated fiber optic network for higher speeds is similar to the shift from dial-up internet that used 56K modems operating through 20th-century telecommunication infrastructure to broadband systems in the early 2000s.<br \/>\nMagazine: Is measuring blockchain transactions per second (TPS) stupid in 2024? Big Questions<a href=\"https:\/\/cointelegraph.com\/news\/double-zero-announces-validator-funding-round?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe DoubleZero Protocol, a blockchain infrastructure network aiming to multiply speeds and efficiency for distributed networks, announced a validator token sale to sell token-purchase agreements for its native&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126342"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126342"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126342\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126342"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}