In a significant move to bolster investor confidence, DoubleZero has announced that all 2Z tokens are locked, including those held by the team, founders, and venture capitalists. This decision, revealed by co-founder Austin Federa, is designed to stabilize the 2Z market and promote long-term growth, as emphasized in the official statement.
Strategic Locking of 2Z Tokens
The locking of 2Z tokens is a strategic measure aimed at preventing market volatility that can arise from large token unlocks. By ensuring that no sales will occur, DoubleZero is prioritizing the establishment of decentralized infrastructures for validators over immediate liquidity events.
Commitment to Stability
This approach reflects the company's commitment to fostering a stable and trustworthy environment for its investors. Ultimately, it aims to enhance the overall health of the 2Z ecosystem.
