tZERO Security Token Trading Platform to be Launched

Platform was developing for 5 years; in 2016, $134M was raised thru Security Token Offering 
25 January 2019   1272

The tZERO company, a subsidiary of the retail giant Overstock, has officially announced the launch of its cryptoplatform for trading in security tokens.

According to tZERO, from today, accredited investors have the opportunity to trade security-tokens through brokerage accounts at New York-based Dinosaur Financial Group.

A new efficient and transparent path for capital formation via blockchain is now a reality, but those who have followed our journey know that today’s announcement is just one more step down a path. tZERO is working toward a world where security tokens revolutionize traditional capital markets, and companies achieve trust through cryptographically-protected algorithms rather than through rent-seeking middlemen.

Patrick M. Byrne

Executive chairman, tZERO; CEO and founder, parent company 

Work on the platform has been conducted since 2014. In August 2018, tZERO collected $ 134 million in regulated tokensale called Security Token Offering.

Neo Foundation to Withdraw $11M From Cold Wallet

These funds will be used to finance its operations in currrent reporting year and $190M are stiill in the vault
26 March 2020   891

On March 25, the Neo Foundation announced the withdrawal of 1,660,865 NEO ($ 11 million) from the cold wallet to finance its activities in the current reporting year. About $ 190 million are still in reserves.

According to rules established in the Neo White Paper, the NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion and the normal operations of the foundation and related organizations. 


Neo Foundation

According to the publication, 1,660,865 NEOs were transferred “from a blocked account to a current account”. As the information on the blockchain shows, these funds were directed to an address containing 14.6 million NEO or about $ 100 million. The project does not disclose who controls this address and what fate awaits the released tokens.

White paper Neo suggests that project costs in any given year should not exceed 15 million tokens. In the near future, a financial report for 2019 will be published.

At the time of publication, NEO is the 23rd largest asset on the market with a capitalization of $ 479 million. The price of one NEO is $ 6.79.