On April 7, the high-performance distributed communication system DoubleZero announced that it will open sales of its native token 2Z to its validators, specifically designed for validators of networks such as Solana, Aptos, Avalanche, Celestia, and Sui. Here's how it works:

· April 2-10: Eligible validators submit expressions of interest using their public keys and (optionally) provide per-unit valuation/maximum budget. This phase involves no commitments or obligations.

· Price Discovery: Determine the clearing price for all participants through submitted expressions of interest.

· Allocation Formula: Validators with higher stakes will receive priority. Validators participating in price discovery (by submitting valuations, especially higher ones) may receive larger allocation shares.

· Final Offer: Eligible participants will receive a customized "accept or decline" offer based on the clearing price.

BlockBeats previously reported that on March 6, sources revealed the DoubleZero Foundation received a $28 million investment in its latest funding round, with a valuation of $400 million, and is currently seeking additional investment at a $600 million valuation. This round was led by Dragonfly and Multicoin Capital. DoubleZero declined to comment.