Network Performance - DoubleZero's high-performance global network is live on mainnet-beta [1] - The network boasts 40+ global points of presence [1] - The network includes 65+ high-performance links [1] Validator and Token - 300+ Solana validators are connected to DoubleZero's network [1] - The network is powered by the $2Z token [1]

Promotions - Binance Spot 上线新的促销活动 [1] - 参与 3 项激动人心的促销活动，分享 6,000,000 2Z 代币券奖励池 [1]

Core Insights - The SEC has issued a No-Action Letter to DoubleZero, confirming that the programmatic transfers of its 2Z token will not be classified as securities transactions, marking a significant regulatory development for blockchain-based Decentralized Physical Infrastructure Networks (DePIN) [1][4] - The SEC's decision is based on specific disclosures from DoubleZero, indicating that different circumstances could lead to different regulatory outcomes [4] - The ruling allows contributors and users to engage with the DoubleZero network without concerns about securities violations [4] Regulatory Framework - The SEC stated it will not recommend enforcement action if DoubleZero conducts 2Z transfers as outlined by the company's counsel, and the token does not need to be registered as a class of equity securities under Section 12(g) of the Exchange Act [2] - SEC Chairman emphasized that the agency is not attempting to regulate all digital assets but is focusing on tokens that clearly fall under securities laws [3] Token Characteristics - The design of the 2Z token, which is used for value transfer, incentives, and network security rather than equity-like ownership, was crucial to the SEC's position [5] - Commissioner Hester Peirce noted that DePIN projects differ from traditional fundraising, as tokens are distributed as compensation for services rather than as investments seeking profit [6] Economic Reality - Peirce argued that the economic reality of DePIN projects does not meet the criteria of the Howey Test, which defines securities under U.S. law, and treating these tokens as securities could hinder the growth of networks relying on distributed providers [6] - She also stated that blockchain technology should not be forced into regulatory frameworks designed for financial markets, advocating for market-driven success of infrastructure-based projects [7]

DoubleZero, a project optimizing communication efficiency in distributed systems, has received a No-Action Letter from the SEC’s Division of Corporation Finance, stating that the programmatic transfers of its 2Z token on the DoubleZero network are not securities transactions and that 2Z does not need to be registered as a class of equity securities. https://t.co/MYfh5UqGmV ...