DoubleZero secures exchange listing after clearing SEC probe

2Z, the native token of the decentralized cloud platform DoubleZero, is set to be listed on multiple exchanges, including Binance Alpha and Upbit, later today. The listing comes just days after the altcoin was deemed to fall outside the scope of U.S. securities laws.

According to an official announcement, Binance Alpha will be the first platform to list the DoubleZero (2Z) token, with trading set to go live on Oct. 2 at 12:00 p.m. 30 minutes later, Binance Futures will launch a perpetual contract for the token, enabling trading with up to 50x leverage.

It should be noted that a listing on Binance Alpha or Binance Futures does not guarantee it will automatically be listed on the main Binance spot platform. Projects must still demonstrate strong community engagement and sustained trading activity before being considered for a full listing.

Meanwhile, other major exchanges that would add support for the token on the same day included Upbit and Bitget.

The listings coincide with the DoubleZero mainnet-beta launch, marking progress as the project works towards a full mainnet release. It will also mark DoubleZero’s token generation event, which will reportedly establish a genesis supply of 10 billion 2Z tokens.

However, it should be noted that DoubleZero follows an inflationary model, which means the token’s maximum supply is not capped, as new tokens may be minted over time while others are burned to balance network incentives.

Its tokenomics data reveal that only an estimated 350–400 million tokens (around 3.5–4% of supply) will enter circulation, primarily from validator allocations and partial community airdrops, while the majority of tokens will remain locked under multi-year vesting schedules for the team, investors, and ecosystem funds.

The total amount of tokens earmarked for airdrops is 1.28 billion 2Z, representing 12.8% of the genesis supply.

2Z’s launch will come just days after DoubleZero secured a rare no-action letter from the United States Securities and Exchange Commission.

In the letter, published on Sep. 29 by the SEC’s Division of Corporation Finance, the agency confirmed it would not recommend enforcement against DoubleZero’s distribution of 2Z tokens under the conditions outlined by its counsel.

DoubleZero’s legal team explained in the submission that 2Z is designed as a functional reward token within the network and will be used for compensating providers of high-performance connectivity and resource operators rather than serving as an investment vehicle.

Such regulatory clarity, especially from a key U.S. regulator, can play a big role in lifting market sentiment at launch, as it gives investors more confidence in the token’s legal footing and long-term viability.

As such, market participants will be closely watching how 2Z performs out of the gate.

What is DoubleZero?

DoubleZero is a decentralized cloud infrastructure protocol in the DePin sector designed to serve as a global networking backbone for blockchain validators and distributed applications.

The project is building a permissionless edge network that provides bandwidth, routing, and specialized hardware-accelerated processing to blockchain validators, decentralized applications, and broader network participants. It will achieve this through nodes deployed across major cities worldwide.

Its native token, 2Z, powers all economic activity within the network. It is used for staking, paying for bandwidth and compute, governance, and rewarding providers who contribute infrastructure resources.

DoubleZero is backed by prominent investors, including Dragonfly Capital, Multicoin Capital, Foundation Capital, Reciprocal Ventures, Ubik Capital, and Borderless Capital, alongside ecosystem partners such as Jump Crypto and Malbec Labs.