The first round of selling tZERO tokens, a subsidiary of Overstock, received considerable attention from investors.
According to Patrick Byrne , CEO of tZERO, the first stage of the sale - in which the firm sells "Simple Agreements on Future Investments" (SAFEs), accredited investors began to invest actively since the launch, which took place yesterday. Byrne said that the sale ultimately attracted a large audience - about 2000 accredited investors.
The director of the company pointed out that tZERO could proceed to reduce the initial two-month period of selling the tokens.Byrne said that he himself made a few calls to investors and added:
"Yesterday we had 2'000 accredited investors, and they started the fund-raising process."
Some of the purchases in one hand, according to Byrne, amounted to more than $ 5 million.
TZERO - the company that provides an alternative trading system (ATS), registered with the Securities and Exchange Commission (SEC). The pre-sale for strategic buyers was limited to $ 100 million, and the remaining $ 150 million would be open to all accredited investors.The trading system grew thanks to the joint efforts of Medici blockchain and online giant Overstock. The creation initiative was laid in 2014 and is aimed at creating an entirely new type of trading environment based on the blockbuster.
Yesterday the company announced that pre-sale and subsequent sale will be limited to participation by accredited investors only. For each round of sales will be allocated a month, while retaining the right to sell. P
Byrne said:
"We woke up this morning, and people invested more than $ 100 million."
Due to legal restrictions in accordance with SEC rules for open sales, Byrne refused to discuss specific bonuses to investors during the sale. He said that the largest "bonus tokens" will be credited for the first 10 million dollars. All investors in the offers will receive some bonuses during all rounds of investments