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   854

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


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.

Dogethereum Coin Launching in 2018

Dogethereum is a new digital currency, which will be founded on snapshot of Dogecoin and based on ETH algorithm with fastest speed of transactions and smart contracts
21 March 2018   137

Bitcointalk forum is well-known for being one of the fastest sourses of news regarding cryptocurrecnies and digital assets. In February of 2018 the thread about Dogethereum, a new decentralized digital currency, which will be founded on snapshot of Dogecoin and based on ETH algorithm with fastest speed of transactions, smart contracts, appeared on Bitcointalk.

As it was stated in the announcement, the goal of the project is to push Doge currency to the brand new direction, with no ASIC mining, speed and simplicity. The project is stated to be community driven, and there will be no ICOs, premines or other manipulations. DOGX is developed by professional team of engineers and economists who are passionate about crypto currensies, so there are no extra commissions, fees or predefined stakes.

Roadmap of Dogethereum:

  • Establish secure stable network -  DONE 
  • Warm up and prepare network for public access - IN PROGRESS
  • Fork of all coins DOGE 1:1 DOGX - DATE TO BE ANNOUNCED
  • Public advertisement and promo - SOON
  • Listing on crypto Exchanges 
  • Research and development of faster algorithm with better scalability - 2019

The exact fork date has not been announced yet, but it is reportedly scheduled for winter 2018.