Tokenization of everything !!!
A Hong Kong-based venture capital firm is placing a major bet that tZero, a security token exchange owned by e-commerce company Overstock, will prove to be a central hub in what blockchain visionaries have termed the
“tokenization of everything.”
GSR Capital, which also has offices in Beijing and Silicon Valley, has entered into an agreement to purchase $160 million worth of tZero security tokens.
While the tokens which run on the Ethereum blockchain as ERC-20 tokens do not constitute company equity and confer no voting rights, they do entitle investors to dividends.
Specifically, 10% of the tZero’s adjusted gross revenue will be distributed to token holders on a quarterly basis. Those dividends will come from tZero’s regulated trading platform, which will list ICO tokens and other blockchain-based securities..
What you think about this ICO ???
Share your opinions !!!
