tZero to Finish Tokensale

The results of the token will be announced by representatives of Overstock on Thursday, August 9
08 August 2018   737

TZERO company, a subsidiary of the retail giant Overstock, announced the completion of the Security Token Offering (STO), EconoTimes reports.

The fundraising campaign, available for accredited investors, was completed. The results of the token will be announced by representatives of Overstock on Thursday, August 9.

Investors with fully executed Simple Agreements of Future Equity (SAFEs) have until 5 PM (EDT) Wednesday, August 8 to remit funds to tZERO. The company plans to report on the results of the STO this coming Thursday, August 9, 2018, during Overstock’s earnings call.
 

tZero Team

Tokensale of tZERO by a model SAFT started at the end of last year. On the first day of the initial phase of the tokensale, the project collected an amount of $ 100 million. In total, the tZERO platform planned to raise $ 250 million to create a trading system that meets all the requirements of the Securities and Exchange Commission (SEC). The prototype of this innovative platform was introduced in April this year.

ICOs to Sell 400k ETH in a Month

Some recent leading ICO projects at the same time turned out to be the main sellers of ETH
17 December 2018   75

Over the past 30 days, ICO-startups have sold 416,000 ETH - the largest amount for the monthly period since this summer.

In August, such startups sold only 100,000 ETH, and in September the amount rose to 300,000 ETH. In November, they liquidated 100,000 ETH in one week and over 400,000 ETH in the last month, reports Trustnodes, citing data from Santiment.

This is still significantly lower than in January-March, when 630,000 ETH was sold in March only for one day. Some of these sales were probably related to EOS. When they sold all the Ether, the situation has noticeably stabilized and remained so until recently.

Some leading ICO projects at the same time turned out to be the main sellers. SingularDTV was the largest of them, but not too far ahead of Aragon and Kyber.

Status also actively eliminated cryptocurrency, but all four still have large stocks of ETH. All monitored ICO Santiment currently has about 2.9 million ETH in the amount of only $ 290 million - so much the last year the leading ICOs cost separately.

For a long time, the reserves of ICO-projects amounted to about 3.3 million ETH, despite the prolonged decline in the crypto market and the popularity of this method of collecting funding, since they were compensated by new campaigns. The fall of this indicator by 400,000 ETH makes it possible to conclude that the attraction of new funding in recent weeks has stopped, probably along with the actions of the US Securities and Exchange Commission (SEC)