Overstock to launch token exchange with its own ICO

Retail giant, Overstock, is about to launch its token exchange with its own ICO
11 October

The idea to presale coins of a cryptocurrency or token of a blockchain project has evolved in a crazy successful instrument to raise funds for the development of a new application. Projects held a successful ICO raise millions of dollars, make partnerships and gain popularity. That's why it's vital to keep track of both recent and upcoming token sales. 

Following the ICO stream, the retail giant Overstock is going to launch its new regulated token exchange with its own ICO.

The brand new exchange is set to be the first marketplace specifically for trading tokens classed as securities in the U.S., and the ICO is to be the inaugural event for the project. The service is being launched under the umbrella of Overstock's capital markets arm,. As detailed, a tØ-specific token is to be created and sold duting the token sale. Patrick Byrne, Overstock CEO, claims that it will be "distinct from other tokens on the exchange, being a so-called utility coin and not a security", as ibtimes.com reports.

Byrne also argues that building the new service was a natural process.

If there's one company that could legitimately issue a token it should be us.

Patrick Byrne
Overstock CEO

The platform is to launch the new token "before Thanksgiving". In total, the company expects to raise $200 million to $500 million via the ICO.

8th - 14th October ICO voting results

Summarized results of users' poll on 8-14 October upcoming ICOs
18 October

Hype.codes team is working hard to improve reader's experience. We are trying to add something new regularly. Our latest addition was the poll for upcoming ICOs. We've asked you about your opinion on upcoming tokensales. So, it's time to summarize the poll resultsSo for upcoming ICOs, 8th to 14th October.

So, here are the leaders:

  1. Papyrus
  2. Opporty
  3. Red Pulse

Let's check how things are going for this tokensales.

Papyrus is the world’s first fully comprehensive and highly scalable decentralized ecosystem for digital advertising which radically improves programmatic advertising stack to provide efficient, transparent and mutually beneficial environment for users, publishers, advertisers and decentralized application (dApp) developers using blockchain architecture.

Papyrus' tokensale started as planned, on 12th of October. At the press time, no info about funds raised available.

Also, bonus 20% bonus discount was active for 3 full days — until 14:00 UTC on October 15. 

Opporty is a decentralized service marketplace and self-regulated knowledge-sharing community platform. By offering blockchain-powered smart contracts and a decentralized Escrow system, Opporty puts client-contractor relations on the blockchain. The platform, with the help of its Expert community, ensures transparency and security, standardizes procedures, and creates an environment of cooperation that instills trust between parties.

Opporty's ICO is delayed - according to official announcement, it is rescheduled from 18th to 27th of October. 

Opporty team named three reasons for that:

First of all, the current fluctuation in the market caused by another Bitcoin Fork has given us pause.

Secondly, we are in the process of getting legal approval on the Utility status of our token and we need a little more time.

Thirdly, scammers have planned attacks on October 18th. 

Opporty team

We wish good luck to Opporty team and their future investors.

Red Pulse solves these issues by creating a groundbreaking research content platform that simplifies incentives and directly compensates research producers for their valuable insights, while ensuring research consumers can access the research that is most relevant to them. Our RPX token is the underlying currency used to facilitate this ecosystem, and provides token holders with direct participation in the rise of China.

Red Pulse ICO
Red Pulse ICO

Red Pulse ICO finished. According to official website, 405844 NEO out of 405844 NEO raised. Great news for Red Pulse investors! We hope that they will receive big income in the future.