tZERO Token

TZROP


Price
$2.85 USD (4.36%)

24h Volume
4,600

Market Cap
$60,648,835

Last Trade
April 18, 2024

Last Trade
April 18, 2024
tZERO logo

TZROP Market Cap & Volume

Source: STM.co

Trading History

Login to see full trading history

Login Register

Terms

Fundraise Information

Total Raise $134,000,000 USD
Soft Cap $50,000,000 USD
Raise Status Closed
Minimum Investment -
Accepted Investors US Accredited
Exemptions RegD
Instrument Preferred Equity
Token Issuance Info 3 month lock up period due to RegD (Trade to other accredited investors)

Token Information

Price Per (TZROP) $2.85 USD (4.36%)
Token Issuance Platform tZERO
Blockchains Available On Ethereum
Security Type Equity
Asset Class Equity
Payment Options BTC

Token Rights

tZERO Security Token holders may receive, if declared by the Board, a noncumulative 10% dividend from tZERO's Adjusted Gross Revenue each quarter before any earnings are given to common shareholders. However, they do not have rights to common stock dividends, voting, or a share in undistributed earnings, nor do they have utility functions within the tokens. https://www.sec.gov/Archives/edgar/data/1130713/000113071319000036/R18.htm

About

Overview

By distributing a dividend, we are striving to provide our investors with a clear,comprehensible return on their investment.Promotes price stability by encouraging token holders to temporarily lock uptokens in order to receive dividends. Although tZero deployed the token contract and created the tokens, holders cannot access them until January 10, 2019. To comply with securities regulations, they must remain in a custodial wallet for 90 days after issuance. After this period, holders and other accredited investors will be able to trade them on a platform tZero is currently developing. Non-accredited investors can join the party by August 6, 2019, through an approved trading platform. tZero also plans to register the securities to allow secondary trading on international exchanges.

Highlights

tZERO Security Token holders may receive, if declared by the Board, a noncumulative 10% dividend from tZERO's Adjusted Gross Revenue each quarter before any earnings are given to common shareholders. However, they do not have rights to common stock dividends, voting, or a share in undistributed earnings, nor do they have utility functions within the tokens.

tZERO Security Token holders are not entitled to participate in any dividends paid to the holders of tZERO's common stock, have no rights to vote, and have no rights to the undistributed earnings of tZERO and are not entitled to any utility functionality as part of the tZERO Security Tokens. Any remaining undistributed earnings or losses of tZERO for a period shall be allocated to the noncontrolling interest held by the tZERO Security Token holders based on the contractual participation rights of the security to share in those earnings as if all the earnings for the period had been distributed and the effect will be reflected in determining net income/(loss) per share under the two-class method. In the event of any liquidation, dissolution or winding up of tZERO, the tZERO Security Token holders will be entitled to the limited preferential liquidation rights equal to USD $0.10 per token to the extent funds are available
https://www.sec.gov/Archives/edgar/data/1130713/000113071319000036/R18.htm

Advisors

Press

“Overstock’s tZERO Closes Its Security Token Offering Tonight”
“Overstock’s tZero Signs Letter of Intent for $160 Mln Security Token Investment”
“Overstock's tZERO Reveals Prototype Of Security Token Trading Platform”
“"The newly appointed CEO of tZERO, Saum Noursalehi, said that the two companies would work with the SEC to get approval to create “a first-of-its-kind platform that will integrate blockchain capital markets into the current US National Market System.””

Use of Funds

Future Development of the Token and Token Trading System

12.5%

Strategic Acquisitions and Investments

12.5%

Development of Functional Utility Features for Token Holders

12.5%

Augmenting Technology, Infrastructure, and Personnel

12.5%

Legal Expenses

12.5%

Repayable of Amounts Payable to Overstock

12.5%

Lobbying Lawmakers and Regulatory Authorities Related to Blockchain Technologies and Security Tokens

12.5%

Development of Products and Services

12.5%

Documents