Last week, Kodak, which manufactures equipment and supplies for photography, announced preparations for the launch of the Kodakcoin cryptocurrency, intended for photographers and agencies that, with the help of it, will be able to manage permissions to use their work. Kodak shares rose 77% immediately after this news.
The next step in the development of Kodakcoin was the announcement that the new cryptocurrency will be included in the listing of tZERO, a trading platform developed by Overstock .com. Thus, Kodakcoin will be the first third-party cryptocurrency presented on the platform.
According to a press release, Kodakcoin will be released in the first quarter of 2018 and will be distributed in full compliance with the requirements of US regulators.
tZERO’s vision in being able to develop and provide a securities token platform that complies with U.S. federal securities laws is key to the success of the KODAKCoin. The KODAKCoin offering is centered around providing photographers security and peace of mind, and the tZERO platform allows us to provide that same security to our token holders as well.
Co-Founder, KODAKOne platform and KODAKCoin
tZERO will assume the function of providing advice, technological implementation and organization of Kodakcoin trades, including invoice encryption, pricing, clearing and settlement services, as well as traders' verification.
Kodakcoin tokensale Campaign starts on January 31st. Participation in it will be accepted by accredited investors from the USA, Great Britain and Canada.