By on September 21, 2018

Earlier this year, Elio Motors said it would launch its own cryptocurrency as a way of funding its troubled three-wheeler. During the initial ElioCoin announcement in April, Elio also said it partnered with Overstock.com to relieve some of its debt. The website claimed it purchased $2.5 million of the startup’s newly issued shares.

As helpful as a few million dollars would be toward progressing Elio’s goals, the cryptocurrency plan seemed patently ridiculous. We didn’t expect to hear much more about it.

Color us surprised, though. Elio has now formally launched the pre-sale of the ElioCoin Security Token, noting that Patrick M. Byrne — Overstock.com’s founder and CEO — will be the first person to open up his wallet to participate in this strange new offer.  (Read More…)

Recent Comments

  • Tagbert: Have you looked at the Rio? Similar mechanics to the Soul. Maybe a little more room inside. Less quirky...
  • slavuta: Everybody was always telling me – your mazda is cramped in the back. But I always said – nobody...
  • slavuta: you are playing with my feelings now. Do you think, this is easy to separate from a 20-year relationship?...
  • slavuta: Eh!!! No malarkey!!
  • slavuta: All three hosted soccer world cup matches?

New Car Research

Get a Free Dealer Quote

Staff

  • Contributors

  • Timothy Cain, Canada
  • Matthew Guy, Canada
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Mark Baruth, United States