tZERO ICO raised $100M in first sale day

TZERO is an alternative trading system (ATS) or dark pool that's registered with the Securities and Exchange Commission (SEC)
20 December 2017   2137

The initial phase of the crowdsale of the online retailer Overstock related startup tZERO (t0) in a record time attracted a lot of investors. On the first day of the campaign, the size of the site financing reached $ 100 million, CEO Patrick Byrne told CoinDesk.

We had, yesterday, 2,000 accredited investors come and apply and get the process going. We woke up this morning, and people have reached for over $100 million. Which may mean we get to compress this.
 

Patrick Byrne

CEO

During the presale of tZERO, investors are offered "Simple Agreements for Future Equity" (SAFE), which can then be exchanged for tokens.

In total, the campaign was planned to be divided into two stages, each of which will last for a month: preseil for strategic investors is limited to $ 100 million, and the remaining $ 150 will be opened for other accredited participants. Thus, the original two-month program can now be reduced.

tZERO is an alternative trading system that meets all the requirements of the Securities and Exchange Commission (SEC). The project is based on the Medici block, developed by Overstock from 2014.

In connection with the legal restrictions and SEC rules for open proposals, Patrick Berne added that he can not disclose which bonuses will be given to investors. He noted that the biggest "bonus coupons" accounted for the first $ 10 million of sales, then - up to $ 100 million. There are three levels of incentives.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   617

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.