CEO Overstock launches new …

CEO Overstock launches new marketplace and tZero token

Not many CEOs of large companies perceive blockchain the way Patrick Byrne does. His company Overstock.com has been accepting bitcoin payments since 2014, and Byrne himself is confident that the future lies in a transparent, low-fee, blockchain-based payment system. Opening a new project tZero, Byrne expects to devote himself entirely to the blockchain field.

TZero is an Alternative Trading System (ATS) regulated by the US Securities and Exchange Commission (SEC). Rather than relying on intermediaries such as brokers to transact on behalf of their clients, tZero connects buyers and sellers directly. The goal of the project is to create an alternative to NASDAQ, which will be based on a transparent, open and immutable registry..

“I think this is a historic event. We are opening up a new type of capital market, ”Byrne told CoinDesk.

He announced that the company is selling its tokens to raise seed funding. Tokens will be used to carry out transactions on the platform, and the number of people willing to participate in the presale has significantly exceeded the number of available places, Byrne noted..

CEO Overstock launches new ...

During the ICO, tZero intends to raise at least $ 250 million by selling its own tokens to accredited investors under the Simple Agreements for Future Equity (SAFE) scheme.

Recall that initially Byrne spoke about his plans to create tZero in October.

CEO Overstock launches new ...

Similar articles

  • Huobi Pro Exchange Launches New…

    Huobi Pro Exchange Launches New Index of 10 Cryptocurrencies Huobi Pro Cryptocurrency Exchange is launching a new market index for its clients. Main…

  • Andreessen Horowitz launches…

    Andreessen Horowitz launches $ 300 million cryptocurrency fund Andreessen Horowitz (a16z), a well-known Silicon Valley venture capital firm…

  • Anthony Pompliano opens a new…

    Anthony Pompliano opens new fund for sole asset management Morgan Creek Digital co-founder and notable Bitcoin supporter Anthony…

  • HTC introduced a new “cryptophone”…

    HTC Unveils New Cryptophone With Full Bitcoin Node Support Taiwanese electronics manufacturer HTC unveiled its new…

  • Bittrex Launches OTC…

    Bittrex Launches OTC Platform Supporting Nearly 200 Cryptocurrencies American Cryptocurrency Exchange Bittrex This Monday Launches…