Published On: Wed, Oct 25th, 2017

Overstock Reveals Plans for Equity Token Exchange and ICO

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Overstock CEO Patrick Byrne believes that one day all company shares will be blockchain-based equity tokens classed as securities, and they will need a regulated exchange to trade on.To raise funds to develop that exchange, the online retail giant is launching an initial coin offering (ICO) for (tZero), the company’s blockchain-focused subsidiary and trading platform that supports equity tokens.Byrne announced details of the ICO at Money20/20 in Las Vegas on October 24, 2017.The ICO will take place from November 15–December 31 and will include the sale of 50 million tZero security tokens. Tokens will be sold …

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