Bitcoin, Cryptocurrency And Blockchain News

tZERO SAFT Sale: Last 4 Days to ICO

Another differentiated ICO to hit the cryptocurrency market in 4 days


4 days to the tZERO ICO

In its simplest form, an Initial Coin Offering or ICO can be looked as a blend of cryptocurrency and crowdfunding. Growing investor interest in these digital offerings has led to an unprecedented rise in ICO activity, globally. Now, one of the latest of these offerings is tZERO’s SAFT sale., Inc. (“tZERO”) is a majority-owned subsidiary of (OSTK), focusing on the development and commercialization of financial technology based on blockchain technologies. The digital token’s trading platform is now launching its own token offering. The company’s ICO is set to launch on December 18th 2017, which is when the company would begin issuing its tZERO tokens utilizing SAFT. The Simple Agreement for Future Tokens (SAFT) is a contractual agreement whereby investors make an investment in a company in exchange for the right to a future distribution of tokens upon a specified event.

What Differentiates tZERO From the Rest?

In order to differentiate its offering from the many others that are now crowding the cryptocurrency space, the company is:

  1. Working with the Argon Group and RenGen in order to launch a U.S. regulated Alternative Trading System (ATS) and platform capable of trading both security tokens and app tokens issued via ICOs and SAFTs. Thus, purchasers will enter into SAFT agreements that will produce digital tokens of tZERO. These will be issued at a later date and are expected to trade on the ATS, which will be further developed by tZERO.
  2. Offering revenue participation to investors in its SAFT tokens. This means that the company would offer a percentage of tZERO’s profits, distributed quarterly into tZERO token holders’ digital wallets. Token holders will also be able to use the tZERO token to pay for fees on the ATS.

tZERO is one of the few companies entering the token market with an existing, proven blockchain technology platform and the world’s only SEC-compliant registered ATS capable of trading digital securities. Overstock CEO Patrick Byrne believes that the ICO could “easily” raise a record-breaking $500 million.

With four days left to the ICO, we’re waiting with baited breath to see whether the tZERO ICO can actually break records!