tZero to Present Platform Prototype

According to the CEO of the tZero, they are still waiting for the SEC's feedback regarding the investigation
10 April 2018   639

The company tZero, a subsidiary of the retail giant Overstock, presented the prototype of the upcoming block-trading platform for trading. This is reported by CoinDesk.

Currently, the company is studying th users feedback about the new platform, the full launch of which is expected in May this year.

According to Patrick Bern, CEO of Overstock, this prototype will give users an idea of the scope of what tZero plans to do.

However, tZero CEO Joseph Kammarata noted that the company is still waiting for a response from the Securities and Exchange Commission (SEC), which is currently conducting an investigation regarding the tZero's ICO.

We anticipate the security token trading software will be ready to trade security tokens in May, subject to developing further regulatory clarity. We have been working hard on getting this prototype right and look forward to user feedback.

Joseph Kammarata

CEO, tZero

It is worth reminding that during the first day of ICO, tZero raised $100M. Also, SEC started the investigation regarding the tokensale due to possible federal securities law violation.

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Eidoo to Release Gold Backed Stablecoin

New stablecoin is called Ekon and it will be possible to it for one gram of gold of 999 test
20 September 2018   256

The Swiss blockchain start-up Eidoo has joined the ranks of projects launching own stablecoins, announcing the creation of a stable coin tied to the price of gold.

Eidoo's stablecoin is called Ekon and is a token compatible with the ERC-20 standard, which will be available in a multi-currency purse and on a hybrid decentralized project exchange. It will be possible to exchange 1 Ekon for one gram of gold of 999 test, which is in a special storehouse. Reserves of gold will be audited every 90 days, moreover, to increase confidence in the token, the company promises to be able to watch gold vault via a video camera.

The profit from the purchase and sale of Ekon within the Eidoo ecosystem will be converted into a native EDO project token.

Despite the uniqueness of the offer of the Swiss start-up, not all experts agree with its usefulness, since the price of precious metal is not so stable. So, for the last six months it has fallen by almost $ 150, however it has grown by $ 25 since the end of August.

In October 2017, Eidoo raised $ 27.9 million in a token, and in April of this year received a license from the Swiss Financial Services Standards Supervision Authority (VQF) under the national financial regulator (FINMA).