DoubleZero describes itself as a decentralized physical infrastructure network (DePIN) that builds a dedicated fiber-optic network layer beneath Layer 1 blockchains, connecting validators through private fiber-optic cables to reduce latency and increase throughput beyond what the public internet can offer.

Project Function

Provide a high-performance, low-latency connectivity layer optimized for blockchain validators and distributed systems, using a global mesh of private subsea and terrestrial fiber links contributed by independent operators, with custom FPGA-based hardware for optimized packet handling.

2Z Utility

• Bandwidth staking: network operators stake 2Z tokens to reserve network bandwidth
• Governance participation via on-chain voting on Improvement Proposals
• Delegation rewards through the DoubleZero Delegation Program (DZDP)

About the Founders

The project is principally backed by the DoubleZero Foundation, registered as a foundation company in the Cayman Islands. Core engineering is led by Malbec Labs (Cayman Islands). Jump Crypto — the crypto division of Jump Trading — is a key contributor and backer.

Risks of 2Z

Like an investment in other crypto assets, there are some general risks to investing in 2Z. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold's platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in 2Z is subject to the following specific risks:

• 2Z is an SPL token on Solana and relies on smart contracts, which can have vulnerabilities and security risks.
• As of the date of this statement, the project team has not published technical audits of the DoubleZero network or 2Z token.
• The network is partially decentralized, with the DoubleZero Foundation retaining oversight during the Mainnet Beta phase.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with 2Z. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The 2Z community and DoubleZero founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of 2Z have no recourse to the 2Z community, the DoubleZero founding team, or Uphold if 2Z declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing 2Z on the Uphold Platform, Uphold performed due diligence on 2Z and determined that 2Z is unlikely to be a security or derivative under relevant securities legislation. Uphold's analysis including reviewing publicly available information on the following:

• The creation, governance, usage, and design of 2Z, including open-source and audit posture where applicable.
• The supply, demand, maturity, utility, and liquidity of 2Z.
• Any marketing materials put forward by the 2Z social team including on X, Medium, LinkedIn, Discord and Telegram channels.
• Material technical risks associated with 2Z, including any code defects, security breaches and other threats concerning 2Z and its supporting infrastructure.
• Legal and regulatory risks associated with 2Z, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of 2Z.