Key Points
- •DoubleZero confirms lockup of 2Z tokens and no sales.
- •Ensures stability and long-term confidence for stakeholders.
- •Focus remains on building decentralized infrastructures for validators.
Introduction
DoubleZero has confirmed that all 2Z tokens, including those held by the team, founders, and VCs, are locked. Austin Federa stated that the foundation has not engaged in any token sales, as discussed in DoubleZero Locks 2Z Tokens, No Sales Confirmed.
Austin Federa, Co-Founder of DoubleZero, is involved in this strategic decision. He emphasized that no team or founder tokens have been sold, and all remain locked, highlighting the team's commitment to the project's longevity.
Market Impact
The decision to keep 2Z tokens locked prevents potential market volatility commonly associated with large token unlocks. This action aims to enhance trust among stakeholders and protect the token's value in the market.
The financial impact is notable as it mitigates risks of price drops. Attention is directed towards development and onboarding of blockchain infrastructure as opposed to pursuing immediate liquidity events.
Strategic Focus
These measures reflect a strategic focus on creating value for blockchain validators, limiting token-related uncertainties. The infrastructure being developed aims to boost network efficiency and validator profitability. “Our north star here is to make validators more money... If we're not making validators more money by helping them build more efficient blocks or have better MEV opportunities, we're not really doing our job,” said Austin Federa.
Analysts predict limited immediate financial effects but anticipate a strong long-term focus on enhancing validator efficiency. DoubleZero's use of locked tokens aligns with industry practices seen in projects like Bison Trails and Filecoin.