DoubleZero’s 2Z Token Set for Major Exchange Listings: What This Means for Traders
Several exchanges, including Binance Alpha and Upbit, are scheduled to list 2Z, the native token of the decentralized cloud platform DoubleZero, later today. Only a few days have passed since the cryptocurrency was determined to be exempt from US securities regulations. An official statement states that Binance Alpha will issue the 2Z token first, with trading scheduled to begin on October 2 at 12:00 p.m. Binance Futures will introduce a perpetual contract for the token 30 minutes later, allowing for trading with up to 50x leverage.
On the other hand, please be aware that listing on Binance Alpha or Binance Futures does not ensure that it will appear on the main Binance spot market. Before being given consideration for a complete listing, projects still need to show a high level of community involvement and consistent trading activity.
All Eyes on DoubleZero as 2Z Token Debuts Across Major Exchanges
Bitget and Upbit, two other significant exchanges, would also introduce support for the cryptocurrency on the same day. As the project moves closer to a complete mainnet release, the listings highlight progress at the same time as the DoubleZero mainnet-beta launch. DoubleZero’s token generation event, which is expected to create a genesis supply of 10 billion 2Z tokens, will also take place on this date. However, remember that DoubleZero is based on an inflationary model, though. In order to balance network incentives, some tokens can be burned and new ones can be created over time. Therefore, the maximum supply of the token is not restricted.
SEC Approval Sparks Excitement: DoubleZero’s 2Z Token Set for Major Rollout
Only a few days after DoubleZero received a rare no-action letter from the US Securities and Exchange Commission, the company will start. The SEC‘s Division of Corporation Finance indicated in a letter released on September 29 that it will not suggest enforcement against DoubleZero for its issuance of 2Z coins.
Only 350–400 million tokens, or roughly 3.5–4% of the entire supply, will get into circulation, according to tokenomics statistics. The main sources of these tokens will be partial community airdrops and validator allocations. For the team, investors, and ecosystem funds, most tokens will be locked under multi-year vesting plans. A total of 1.28 billion 2Z worth of tokens, or 12.8% of the genesis supply, are designated for airdrops.
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