TZero Initial Coin Offering Expected to Launch Today on SaftLaunch [u]

TZero, the creation of Overstock (NASDAQ:OSTK) CEO Patrick Byrne, is a Blockchain platform for capital markets. Envisioned as a distributed ledger technology for trading and investing including the burgeoning initial coin offering (ICO) market, TZERO claims to be the first SEC and FINRA compliant ATS platform that will transform the digital assets market with compliant trading and investing.

Today (December 18th), is supposed to be the first day tZero is open for investment. As of yet, the offer is not live on SaftLaunch – the platform it selected to distribute its tokens. Originally, tZero expected to launch the offer in November but for some reason it was pushed back to December.

The token will be a Security Token with a unique characteristic as the Utility function may be used throughout tZERO’s suite of products and ecosystem. Since tZero announced its intention to do an ICO in October of this year, the company says it has been “overwhelmed with interest.” So if you are an investor that believes in the tZero vision of the future of capital markets you can head over to SaftLaunch and register invest in the ICO but you must be approved as an accredited investor first (using VerifyInvestor).

tZero has been actively promoting the ICO across social networks. The company is predicting the tZero ICO will be the largest ICO ever – raising up to $500 million – thus topping the Tezos ICO that raised over $230 million.

Update: tZero is now indicating it is accepting accredited investors that are identified as “strategic” during its pre-sale that may run until January 18, 2018. Following this strategic offering, tZero will open up the ICO to other accredited investors which should run until February 16, 2018. Of course, this could change and so these dates may not hold. tZero may be working with some of the Bitcoin whales to quickly raise its targeted $500 million.

Just so you are aware, according to the current definition of an accredited investor, an individual must earn $200,000 or more per year or have a net worth of $1 million or more (minus their primary residence) to be considered accredited. tZero is using VerifyInvestor for individuals to validate their accredited status.


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