Binance has rolled out support for a new blockchain infrastructure layer project.
The top global crypto exchange by trading volume says DoubleZero (2Z) is the next project in its HODLer Airdrops program, which rewards BNB holders with tokens based on historical snapshots of their balances.
DoubleZero bills itself as a “high-performance global network purpose-built for distributed systems.”
“On the public internet, packets take multiple hops before arriving at their destination. With DoubleZero, they move along the most direct path from point A to point B. Powered by independent contributors supplying available bandwidth, the DoubleZero network delivers direct, low-latency routing to boost validator performance and enables faster, fairer participation from anywhere in the world.”
Binance officially listed 2Z on Thursday. The exchange attached a seed tag to the asset, a designation it applies to lower-liquidity projects that could exhibit higher volatility compared to other listed tokens. Binance requires users who want to trade assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks.
2Z is trading at $0.618 at time of writing. The token is already the 72nd-ranked crypto asset by market cap and is up more than 2% in its first 24 hours of trading.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sabura/Natalia Siiatovskaia
