tZERO Announces Token Sale Details
tZERO announced that the company’s token sale, utilizing a Simple Agreement for Future Tokens (or SAFT), will begin on December 18, 2017.
tZERO confirmed that tokens will provide investors the following unique token characteristics:
- Revenue participation in the form of a distribution, which will be a percentage of tZERO’s revenue; and
- Utility to pay for fees and/or services within the tZERO eco-system.
“The interest in the proposed tZERO token sale has been overwhelming, and we have been working with our advisors to create the most unique and innovative token,” said Joseph Cammarata, President of tZERO.
“tZERO enabled Overstock.com (NASDAQ: OSTK) to make history with the first ever public issuance of a digital security,” said Ralph A. Daiuto, Jr., Chief Operating Officer of tZERO. “tZERO has been at the forefront of blockchain technology and is going to be a leader in the trading of digital tokens.”
The definitive terms and characteristics of the tZERO tokens will be set forth in an Offering Memorandum.
For payment instructions and information on how to participate in the tZERO token sale prospective investors should visit www.saftlaunch.com and follow the prospective investor verification instructions.
Please Note: tZERO investments are valid if made only through www.saftlaunch.com and no other channel. tZERO will NEVER distribute any contribution or payment instructions, including crypto currency wallet addresses, via email, chat, or any website other than through www.saftlaunch.com, and such payment instructions will only be available on or after December 18, 2017.
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