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DoubleZero co-founder confirms no tokens sold by foundation
Key Takeaways
DoubleZero co-founder Austin Federa confirmed today that the DoubleZero Foundation has not sold any tokens. DoubleZero is a blockchain protocol focused on building a dedicated high-performance physical data network to enhance global connectivity for high-speed applications.
The clarification addresses potential concerns about foundation token movements. The DoubleZero Foundation operates as an entity supporting the development, decentralization, security, and adoption of the DoubleZero network.
DoubleZero recently received confirmation from the SEC that its native token flows to network contributors are not subject to securities registration requirements, marking a key milestone for the protocol's compliance efforts.