The Doublezero Protocol, a blockchain infrastructure network that goals to multiply speeds and efficiency for distributed networks, announced a validator token sales to sell token-purchase agreements for its native tokens to potential validators.
Applications for the sale might be accepted from the coin list platform from April 2 to April 10, with the primary public token sale within the USA since 2019. The round is barely available for accredited investors.
According to the protocol, only validators who currently serve the high throughput solana, Celestia, Sui, aptos and avalanches can use.
Interested parties are invited handy over offers wherein one token price of per unit and maximum budgets is asserted which are summarized as a way to determine the ultimate sales price of the participating validators.
A diagram of the Double Nzero Validator Financing Process. Source: Coinlist
In a press release on CoinTelegraph, Austin Federera, co-founder of the Double Zero Protocol and former strategy manager on the Solana Foundation, said:
“The sale of Doublezero Coinlist is a singular opportunity for the validators who already secure probably the most powerful and distributed blockchains. It opens the access to infrastructure that provide the subsequent generation of distributed systems with electricity.”
“This industry has seen enormous investments and innovations at the top of the stack-it is time to revolutionize the physical infrastructure layer that operates high-performance systems with high performance,” said Federera in the reason.
The token-purchase agreement takes place in a recent increase within the capital promotion of crypto firms and crypto risk capital providers, which indicates that the market has space in 2025.
Doublezero Protocol Targets Mainnet start within the second half of 2025
The Doublezero protocol goals to begin its essential network within the second half of 2025 after a successful fundraising round of $ 28 million was accomplished in March.
Crypto risk capital company Multicoin Capital and Dragonfly Capital led the recent round of donations.
First page of the Doublezero protocol paper. Source: Doublezero
Doublezero goals to extend the speed and communication of blockchain networks through the use of a dedicated network of glass fibers to supply the physical infrastructure for blockchain connectivity at high speed.
The concentrate on a dedicated fiber optic network for higher speeds is analogous to the shift from the dial-up web, wherein 56k modems were operated in broadband systems within the early 2000s.
