tZero to Finish Tokensale

The results of the token will be announced by representatives of Overstock on Thursday, August 9
08 August 2018   1579

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.

Old Korean Social Network to Close After Tokensale

Cyworld platform started operating back in 1999 and it conducted an IEO at CoinZest this year
14 October 2019   49

Investors who acquired the clink cryptocurrency issued by the South Korean social network Cyworld are worried about the status of their investments due to the company's sudden closure, reports Korea Times. Some of them are ready to go to court.

The Cyworld platform was launched in 1999 and was especially popular among the country's population until the mid-2000s. The company, however, failed to see the trend towards the development of mobile solutions on time and as a result lost its position in the market. On October 1, it closed her platform without posting any warnings to users.

At the same time, the Clink site was unavailable, and Cyworld management continues to ignore the numerous requests of investors. The Korean exchanges CoinZest and BitSonic, where Clink is still being traded, are considering delisting the asset. Industry officials say Clink's investor losses will be at least 1 billion won ($ 845,000).

Clink's primary distribution was through IEO through the CoinZest platform earlier this year and, according to the Korea Times, it was the company's attempt to bring a fading social network back to life. A total of 24 million Clink tokens were sold for a total of 480 million won ($ 400,000).

In the second half of 2019, employees who have not received salaries since the end of 2018 began to leave the company en masse. Since the start of trading, the Clink price has fallen from 26 won to 0.19 won. According to the Coingecko portal, Clink's current capitalization and revolving volume are unknown, while the marginal issue volume is 10 billion units.