Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Overstock’s blockchain subsidiary tZERO launches security token sale

Online retail giant Overstock.com’s blockchain subsidiary tZERO on Monday commenced its much anticipated $250 million Initial Coin Offering (ICO) to accredited investors.

During the pre-sale period – starting December 18, 2017 and expected to run through January 18, 2018 – tZERO will enter into Simple Agreements for Future Equity (SAFEs) with strategic purchasers identified as accredited investors. In the Subsequent Sale Period – starting January 18, 2018 and anticipated to run through February 16, 2018 – tZERO will enter into SAFEs with other accredited investors.

“Overstock is proud to be the market-leading enterprise embracing the cryptorevolution. Recognizing the blockchain technology-driven transformation and disruption already underway across numerous industries, Overstock today opens the tZERO ICO,” Overstock CEO Patrick Byrne said. “Beginning with the ‘pre-sale’ round, I am confident that prominent investors from around the globe will propel tZERO toward achieving its mission of bringing greater efficiency and transparency to capital markets.”

tZERO will treat the tokens as preferred equity in the company.

“With this first ever regulated security token, we are entering a new world of capital formation that I believe will become Wall Street 2.0,” tZERO CEO Joe Cammarata added.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

January 18 16:00 UTC Released

USEIA Weekly Heatoil Stock

Actual

0.084 M

Forecast

Previous

-0.769 M

January 18 16:00 UTC Released

USEIA Weekly Crude Runs

Actual

-0.448 M

Forecast

Previous

-0.285 M

January 18 21:30 UTC 212212m

NZManufacturing PMI

Actual

Forecast

Previous

57.7 0

January 19 07:00 UTC 782782m

DEProducer Prices MM

Actual

Forecast

Previous

0.1 %

January 19 07:00 UTC 782782m

DEProducer Prices YY

Actual

Forecast

Previous

2.5 %

January 19 08:00 UTC 842842m

HUGross Wages YY

Actual

Forecast

Previous

12.8 0

January 19 09:00 UTC 902902m

EZCurrent Account NSA,EUR

Actual

Forecast

Previous

35.9 Bln EUR

January 19 09:00 UTC 902902m

EZCurrent Account SA, EUR

Actual

Forecast

Previous

30.8 Bln EUR

January 19 09:30 UTC 932932m

GBRetail Sales MM

Actual

Forecast

Previous

1.1 %

January 19 09:30 UTC 932932m

GBFuel MM

Actual

Forecast

Previous

1.2 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.