The DoubleZero Protocol, a blockchain infrastructure network aiming to multiply speeds and efficiency for distributed networks, announced a validator funding round to sell token-purchase agreements for its native token to prospective validators.
Applications for the funding round will be accepted April 2-10 through the CoinList platform, marking its first public token sale in the United States since 2019. The round is only available to accredited investors.
According to the protocol, only validators currently serving the high-throughput Solana, Celestia, Sui, Aptos, and Avalanche networks are eligible to apply.
Interested parties are invited to submit bids declaring a per-unit token price and maximum budgets, which will be aggregated to determine the final sale price offered to the participating validators.
A diagram of the DoubleZero validator funding round process. Source: CoinList
In a statement to Cointelegraph, Austin Federa, co-founder of the Double Zero protocol and former Strategy