DoubleZero to Launch Native Token 2Z on Solana Blockchain
Solana-based custom fiber network DoubleZero announces the issuance of its native token 2Z, with a total supply of 10 billion and 35% in circulation at launch.
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Fact Check
The statement is directly confirmed by multiple credible sources, including DoubleZero's own website and LinkedIn profile, which explicitly state that the 2Z token is issued on the Solana blockchain as an SPL token. This information is corroborated by independent crypto news outlets and data aggregators like Decrypt and CoinMarketCap.
Summary
DoubleZero’s official announcement confirms the launch of its 2Z token on October 2 at 21:00 (UTC+8). The total supply of 2Z is 10 billion, with 29% allocated to the foundation and ecosystem, bringing the initial circulating supply to approximately 35%. Trading will begin on Binance, Upbit, and Bitrue.
Terms & Concepts
- Solana: A high-performance blockchain platform supporting decentralized applications and crypto assets with fast transaction speeds and low fees.
- Native Token: A cryptocurrency created and used within a specific blockchain or project ecosystem, often serving utility or governance functions.
- Token Generation Event (TGE): An event in which a new cryptocurrency or token is officially released to the public, typically marking the start of its availability for trading or other uses.