DoubleZero to Sell 1.5% of Initial Token Supply to Validators in Coinlist Auction

DoubleZero, an infrastructure project co-founded by former Solana Foundation Head of Strategy Austin Federa aimed at redesigning the internet, has announced an exclusive token sale for existing validators.

With 150M $2Z tokens (1.5% of the initial supply) up for grabs, the DoubleZero validator token sale is the first Coinlist Auction available to accredited U.S. investors since 2019.

However, a peculiar token vesting schedule could give U.S.-based investors pause ahead of DoubleZero’s scheduled mainnet launch.

Validators Invited to Apply for 150M $2Z Token Sale

As part of its plan to enable essential blockchain infrastructure providers to join in building the foundations for the industry’s future, DoubleZero is inviting validators to participate in an exclusive $2Z validator token sale.

Available to existing Solana, SUI, Aptos, Avalanche, and Celestia validator operators, 150M $2Z tokens representing 1.5% of the initial supply will be auctioned off on Coinlist. Against a background of improving regulatory conditions in the United States, the DoubleZero sale marks the first Coinlist auction available to accredited U.S. investors since 2019.

DoubleZero’s validator token sale introduces an intriguing new auction model. Alongside completing KYC procedures, validators are incentivized to make purchase offers indicating how many $2Z tokens they’d like to acquire, and at what price.

Based on submissions, DoubleZero will set a clearing price and generate specific token quantities for different participants. Validators with higher stake and more valuable submissions will be offered larger purchase allocations, encouraging price discovery. Eligible validators are then given a final, take-it-or-leave-it offer at the common clearing price.

According to DoubleZero founder Austin Federa, validator purchase submissions will remain private, meaning that potential buyers will be unable to gauge $2Z token value based on rival submissions. However, Federa confirmed that some aggregated submission data will be published following the sale.

DoubleZero Mainnet & TGE Slated for Q3 2025

Excitement for DoubleZero is reaching a fever pitch. Doublezero’s gated testnet has attracted over 2,298 applications and is deployed across 7 global locations, indicating strong industry demand to explore the possibilities that lie beyond the constraints of the public internet.

According to its newly released roadmap, the DoubleZero mainnet is expected to launch in Q3 2025 and will coincide with the $2Z TGE (Token Generation Event). 

Following DoubleZero’s proof-of-concept on the Solana mainnet, the protocol will expand its services to alternative chains and networks.

U.S. Investors Left Holding the Bag?

DoubleZero bulls may welcome the first U.S. Coinlist auction for accredited investors since 2019, but the $2Z vesting schedule could be unfavorable to them. The Coinlist site indicates that U.S. investors are subject to a 1-year cliff from the original purchase date, while non-U.S. participants’ vesting schedule starts from whichever comes later: mainnet launch or 40 days from the purchase date.

Given that mainnet launch is expected sometime in Q3 2025 and the token purchase period ends on April 22, U.S. investors are projected to begin their vesting schedule at least 7 months after non-U.S. buyers.

However, this is unlikely to have a long-term effect on $2Z market dynamics. Federa has previously indicated that DoubleZero has a 10 year vision and is expected to outlive short-term vesting schedules. Additionally, the validator sale only accounts for 1.5% of the initial circulating supply.

Earlier this year, DoubleZero raised $28M in a token round co-led by Dragonfly and Multicoin Capital.

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