Beyond, Inc. (BYON)

[drobx]

Here is something about the tZERO token. It comes from an announcement of the ICO.

https://www.globenewswire.com/news-release/2017/10/24/1152717/0/en/Patrick-Byrne-Announces-Key-Details-on-tZERO-s-ICO-at-Money-20-20.html


"The tZERO token will incorporate profit-sharing features of a security as well as utility features of an app token, including:
- Token holders will be able to use the tZERO token to pay for fees on the ATS and payment of such fees using tZERO tokens will grant up to a 25% discount as compared to payments made using U.S. dollars. The tZERO token is expected to have additional functionality and token holder benefits to be announced at a later to date and will be included in the offering memorandum; and
- tZERO believes its token will be the first to offer a percentage of tZERO's profits, distributed as a quarterly distribution paid into tZERO token holders' digital wallets."

I don't think that the tokens are in any sense shares of tZERO. In the disclosures on Dinosaur it said that tZERO is owned 80% by Overstock, 19% by a small group of private investors (many being company insiders) and 1% by employees in the form of incentive options. Anyway, reading the above does not get me too excited about buying the token. There is probably more current information out there though. If I find anything different I'll post it.