🚨 Double Zero (2Z) – Potential or Risk When Foundation Holds All Token Unlock???? 🚨
Double Zero (2Z) is emerging as a hot DePIN project as it was just listed on Binance Alpha and Futures today. The community's interest is very high; however, the project has some noteworthy points:
🔸 Lack of Transparency in Tokenomics
29% of tokens are allocated for Foundation & Ecosystem, 5% for Jump Crypto, which are fully unlocked immediately after TGE.
Notably, the Chairman of Double Foundation is Austin Federa – the founder of the project. This creates a risk of conflict of interest, as a fund holding a large portion of the circulating tokens could significantly impact the market price.
🔸 Allocation Not Community-Oriented
The token allocation ratio for the community is very low, with most falling into the foundation, team, and investment fund.
🔸 Inconsistent Messaging About Airdrop
The founder previously stated there would be no airdrop for the community.
However, the Binance Alpha community received an airdrop right after TGE → causing many investors to be confused about the transparency.
🔸 Additionally, the announced total supply is 10B, but more can still be minted. And due to the project's lack of transparency, it could lead to token inflation.
⚖️ Overall Assessment:
With the fund holding a large portion of unlocked tokens, it is highly likely they will control supply and demand, limiting a strong dump after the community's airdrop sale.
This also means that the token price could be pushed up in the short term.
👉 Conclusion:
Long-term Investment (hold): High risk due to lack of transparency in tokenomics
Short-term Investment (trade): There are still opportunities if the right timing is chosen to take advantage of the initial FOMO wave.
#GENBLOCK #ChuyenGiaDuDinh #DoubleZero #2Z