FAQs

  • Q: Can I purchase more tokens?
  • A: The tZERO token sale closed on August 6, 2018. As long as you continue to be an accredited investor, we expect you will have the ability to buy additional tokens (pursuant to a private resale transaction) on the platform we are in the process of developing with a broker-dealer partner. Once the tokens have satisfied the required lock up period and the trading platform is ready, tZERO will designate an approved broker-dealer where investors will be able to open a digital asset trading account to participate in secondary trading. More details to come as our progress continues.

  • Q: When will I be able to move the tokens from my individual tZERO wallet address to my personal wallet?
  • A: To ensure compliance with federal securities law and regulations, and in accordance with the terms of the tokens themselves, your tokens will be locked in tZERO’s wallet for 90 days from issuance. After the 90-day period expires, if you prefer to hold your tokens in your personal wallet, you will have the option to do so, although peer-to-peer trading, once available, will require that you create a brokerage account where your tokens will be held. There will be protections in place to restore your tokens if a wallet is lost or stolen.

  • Q: Where can I view the issued tokens?
  • A: On Etherscan.

  • Q: Will I be able to trade the tZERO tokens on other exchanges (Bitfinex, Coinbase, Kraken, etc.)?
  • A: No. For a variety of legal and regulatory reasons, we are required to carefully monitor who holds tokens at any given time. To ensure this could be achieved, we included contractual restrictions, which you agreed to in signing your SAFE, that prohibit any transfers until the tZERO token trading platform is operational, or until we explicitly designate a digital token exchange on which you may trade your tokens. We haven’t achieved this yet, but we’re working on it.

  • Q: Are the tZERO tokens freely tradable?
  • A: Not yet. The tokens were issued in a private placement exempt from the registration requirements of the Securities Act of 1933, and therefore are not freely tradable. After the 90-day lock-up period expires on January 10, 2019, we expect the tokens will be eligible to be resold in private transactions directly with other accredited investors on the platform we are in the process of developing with a broker-dealer partner. Assuming the platform is ready by then, tZERO will designate an approved broker-dealer, through which you should be able to trade your tokens beginning January 10, 2019. Once the broker is announced, you will have the ability to create an account to resell your tokens or purchase additional tokens on the platform. New investors who are accredited can also open an account with the broker to buy tokens. Peer-to-peer trading will not be permitted, except through this platform.

    Beginning August 6, 2019 (one year after consummation of the STO), we expect that most holders’ tokens may be freely resold to all investors on an approved trading platform that we designate.

    In the future, we may register the securities under U.S. securities laws to enable secondary trading in more robust trading environments, such as the domestic (USA) exchange we are building in partnership with BOX Digital Markets, and international securities exchanges as well (with whom such discussions are underway). These initiatives are an ongoing process and we will inform you of updates as they happen.

  • Q: Where can I open a brokerage account to trade my tokens?
  • A: Once the platform is ready tZERO will designate an approved broker-dealer who will provide suitable investors with access to our platform.

  • Q: Can potential investors start the accreditation process now?
  • A: Not yet. We are in the process of developing a platform that will allow accredited investors to purchase tokens in private resale transactions with existing token holders. tZERO will designate an approved broker-dealer, through which potential investors who are accredited will have the ability to create an account to purchase tokens on the platform.

  • Q: When is the expected first dividend announcement?
  • A: That will primarily depend on our operating results, and we cannot predict at this time when we will be in a financial position that qualifies us to pay a dividend. We intend to pay dividends, to the extent permitted under Delaware law and subject to board approval, to the token holders on a quarterly basis, for each quarter that the tZERO board determines there are funds legally available for the dividend.

  • Q: Will OTC/ peer to peer transactions be possible?
  • A: No. For a variety of legal and regulatory reasons, we are required to carefully monitor who holds tokens at any given time. To ensure this could be achieved, we included contractual restrictions, which you agreed to in signing your SAFE, that prohibit any transfers other than on an approved token trading platform or digital token exchange on which you may trade your tokens.

  • Q: Can additional tokens be issued or created?
  • A: No, 26,228,711 tokens were minted on October 12th, 2018 and no additional tokens will be created.

  • Q: When can investors that are not accredited investors buy tZERO tokens?
  • A: Because the STO closed on August 6, 2018, investors can no longer purchase tZERO tokens directly from tZERO. However, we expect that current holders will be eligible to freely resell their tokens to all investors beginning August 6, 2019 (one year after consummation of the STO), on an approved trading platform that we designate.

    In the future, we may register the securities under U.S. securities laws to enable secondary trading in more robust trading environments, such as the domestic (USA) exchange we are building in partnership with BOX Digital Markets, and international securities exchanges as well (with whom such discussions are underway), and non-accredited investors would be eligible to purchase tokens on these exchanges. These initiatives are an ongoing process and we will inform you of updates as they happen.

For any additional questions, please do not hesitate to reach out to [email protected]

t Zero