DoubleZero Unveils Mainnet-Beta and Token After SEC Approval
DoubleZero, a high-speed communication network designed for blockchain traffic, has launched its mainnet-beta alongside the introduction of its native utility token. The company announced these milestones on Thursday, following a recent no-action letter from the US Securities and Exchange Commission (SEC) that enabled the public debut of the new token.
Expanding Blockchain Infrastructure
The DePIN-powered DoubleZero network now consists of over 70 fiber-optic links connecting 25 geographic locations. This infrastructure is built to facilitate direct, high-speed routing of blockchain data, aiming to reduce communication latency and increase transaction speeds. The mainnet-beta launch positions DoubleZero as a provider of dedicated bandwidth for distributed ledger technology, addressing long-standing congestion issues found on the public internet.
- The network uses a permissionless, fiber-optic architecture designed specifically for blockchain use cases.
- Node operators earn utility tokens as compensation for providing storage and bandwidth.
- This model intends to provide reliable, low-latency pathways for blockchain consensus networks and decentralized applications.
Regulatory Milestone
On Monday, the SEC issued a no-action letter permitting DoubleZero�s token launch. Commissioner Hester Peirce clarified that individuals running nodes or offering storage and bandwidth are compensated for their work, rather than being treated as securities investors. Peirce stated that such tokens are not shares or promises of profit dependent on the managerial actions of others.
This development marks a distinct move by US regulators. In recent years, the SEC has often pursued legal action against crypto firms launching new digital assets that do not fit established definitions. The DoubleZero decision highlights a willingness to recognize new models within decentralized physical infrastructure networks (DePIN).
Industry Impact
The SEC�s decision is seen as a significant regulatory shift, paving the way for other DePIN projects to launch tokens with greater legal clarity. DoubleZero�s technology also represents an evolution for blockchain networks, offering industry-specific infrastructure that addresses networking hurdles faced by distributed consensus protocols. The project�s expanded network now serves blockchain applications needing reliable, high-throughput, and dedicated data connections.
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