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Tzero Token Price Update

Discussion in 'General Elio Discussion' started by TexasTesla, Feb 8, 2019.

  1. TexasTesla

    TexasTesla Elio Addict

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    62C7CB68-7615-4F7A-B9F4-C7C520A37DEB.jpeg

    Now that the tZERO trading platform is up and running, not a pretty picture for tZERO tokens values.

    Investors paid $10 for the initial tZERO token offering in 2018.

    On February 4th the bid price was only $3.15 for tZERO tokens.

    This doesn’t bode well for the theory behind ElioCoin.

    Patrick Byrne is founder of tZERO and the financial architect of ElioCoin.

    My personal belief is that ElioCoin will never come to fruition. Accredited investors are smarter than that.
     
    Last edited: Feb 8, 2019
  2. TexasTesla

    TexasTesla Elio Addict

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    An interesting article from “CoinDesk” with regards to tZERO. This is the digital platform where ElioCoin was suppposed to be traded.

    “tZERO is off to a slow start.”

    “In the three weeks since the long-awaited launch of Overstock.com’s alternative trading system (ATS) for security tokens, activity has been light.”

    “The sellers are prevailing, with the token’s price, quoted at $8 when trading opened on Jan. 28, falling as low as $3, traders said. (TZROP was sold for $10 during the STO, although some investors bought in for $8 or less during the pre-sale).”

    “At one point, some traders were bidding at $1, although as of Wednesday the bid-ask spread had tightened to $3-$3.35.”

    “One trader, Mark Nelson, told CoinDesk he believes the selling pressure came from investors who had bought into TZROP during the initial coin offering frenzy, hoping to make handsome profits soon and not understanding the real nature of the token.”

    “From discussions with other TZROP holders, many of them don’t really understand what tZERO is and what type of investment they were making, they clearly did not read the offering details and just jumped in on hype from the general ICO and STO craze expecting to double their investment in short order — unrealistic expectations,” Nelson said.”
     
    Last edited: Feb 20, 2019

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