Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year's ($OSTK) #Blockchain Subsidiary tZERO Commences $250M Token Sale

Major U.S. e-tailer announces presale for institutional investors


NEW YORK - December 19, 2017 ( Newswire) tZERO is pleased to announce the long-anticipated launch of the tZERO Security Token Sale. tZERO will treat the Tokens as preferred equity in the Company.

tZERO, the blockchain subsidiary of major e-retailer (NASDAQ:OSTK), today opened its global $250 million USD Initial Coin Offering (ICO) to accredited investors.

During the period which commenced on December 18, 2017 and which is anticipated to run through January 18, 2018 (the "Pre-Sale Period"), tZERO will enter into Simple Agreements for Future Equity (SAFEs) with strategic purchasers identified by the Company as accredited investors.

During the period which is expected to commence on January 18, 2018 and to run through February 16, 2018 (the "Subsequent Sale Period"), tZERO will enter into SAFEs with other accredited investors.

The Pre-Sale Period and the Subsequent Sale Period may each be extended or shortened in the Company's sole discretion. Any change to such dates will be announced by press release or other available means of notifying purchasers.

Overstock CEO Patrick Byrne said: "Overstock is proud to be the market-leading enterprise embracing the cryptorevolution. Recognizing the blockchain technology-driven transformation and disruption already underway across numerous industries, Overstock today opens the tZERO ICO. Beginning with the ‘pre-sale' round, I am confident that prominent investors from around the globe will propel tZERO toward achieving its mission of bringing greater efficiency and transparency to capital markets."

tZERO CEO Joe Cammarata added: "For the last two years it has been exciting to continuously innovate and disrupt a financial market ecosystem that is ripe for improvement. With this first ever regulated security token, we are entering a new world of capital formation that I believe will become Wall Street 2.0."

Steven Nerayoff, Alchemist Founder and architect of the Ethereum ICO, amongst others, said: "tZERO's ICO represents a watershed moment in the financial blockchain revolution. It's backed by an all-star team of crypto and business pioneers. What makes tZERO a game changer is the team's unique ability to fuse the traditional finance world with the bold, innovative crypto community. Alchemist is delighted to offer tZERO its extensive experience in counseling some of the most successful crowdsales in history on strategy, token economics, and compliance-related guidance."

Potential Future Token Utilities Token holders shall not be entitled to any utility functionality as part of the Token. Nevertheless, the Company expects the endeavor to provide certain additional benefits to holders of the Tokens in the future (the "Discretionary Benefits"). These will not be a part of the terms and conditions of the Tokens, but rather benefits voluntarily provided by the Company to Token holders. These Discretionary Benefits may be withdrawn or changed at any time in management's discretion.

These Discretionary Benefits may take many forms including, but not limited to:

  • Discounts on certain products and services that the Company expects to offer in the future (including discounts on trading fees on a future Token Trading System;
  • For Token holders purchasing 100 Tokens or more, complimentary first year membership in Overstock's rewards program, Club O, where available (not currently available outside the U.S.); and
  • Access to, and the degree of, any Discretionary Benefits, if offered, is expected to be determined by the quantity of Tokens the holder possesses. All matters relating to the terms of any Discretionary Benefits will be decided solely by the Board. Furthermore, the terms of any Discretionary Benefits will be subject to amendment by the Board at any time.

There can be no assurance that the Company will ever offer any Discretionary Benefits.

Media Contact

Alexandra Sotiropoulos
+1 212-754-5615

About, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures' t0 platform :OSTKP) / Series B Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include, dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website,

About tZERO, Inc. ("tZERO") is a majority owned subsidiary of, focusing on the development and commercialization of financial technology (FinTech) based on cryptographically-secured, decentralized ledgers - more commonly known as blockchain technologies. Since its inception, tZERO has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology. More information is available at

About Alchemist

Alchemist is a full-service blockchain investment and advisory company, specializing in token sales, hedge funds, capital formation, and end-to-end product development of public blockchain applications. Founded by some of the leading names behind preeminent projects such as Ethereum, Lisk, Bancor, ZCash, amongst others, Alchemist also provides venture financing and underwriting to projects creating tradeable digital assets for the new token economy. For more information, visit features content for Bitcoin, Blockchain and Digital Currency Stocks and ICO's at, and

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