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​tZERO begins distributing its tokens to investors

2019-01-11 12:27 pm | Resource: News Section | No Views : 42

​tZERO begins distributing its tokens to investors TZERO, a digital portfolio company, from Overstock Digital Retailer, began the process of giving investors control over the tokens purchased during the company's sale last August.
In a letter sent to investors late Thursday, tZERO CEO Saum Norsalhi explained the first steps towards taking the trophies. TZERO closed the $ 134 million offer last August and in October indicated that it had completed issuing the codes , Which was then locked into a detention portfolio until January 10, as described in a press release at the time.
On October 12, 2018, the company completed the issuance of tokens, and was then withheld in wallets kept by TZERO on behalf of its holders for 90 days after the issue. After the three-month closing period, the token must reach its recipients.
According to the CEO's letter, investors now have two options: to create an intermediary account with a dealer and partner in the Dinosaur financial group, or to hold a personal portfolio token, which is subject to verification in both options.
"If you initially choose to keep your distinctive symbols in your personal wallet, you may later convert your symbols into a digital brokerage account that you open with Dinosaur."
What is unclear at this time is exactly when tZERO is expected to start trading the actual token on his post, in the letter, tZERO asked investors to "look for another update for tZERO regarding the start of trading token."
Jonathan Johnson, president of Medici Ventures, which oversees collective Overstock efforts, including tZERO, said last month that the safety platform would be officially released in January and a prototype was unveiled in April.

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