Overstock's TØ is Launching an Initial Coin Offering Next Month

Overstock’s TØ is Launching an Initial Coin Offering Next Month

Overstock.com subsidiary tØ has formally announced an initial coin offering (ICO), set to begin next month. Debuted at the Money2020 conference in Las Vegas, the ICO will be facilitated via the sale of Simple Agreements for Future Tokens (SAFTs), a model that was previously used in token sales like the one for filecoin, which raised more than $200 million. The tZERO token, according to statements, will trade on the alternative trading system (ATS) being developed by the firm. The Argon Group and RenGen – companies hired to advise on the development of the ATS – will also work on […]