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

  • Lou_BC: @A Scientist- an EV pickup would be a Ram Charger.
  • ttacgreg: Toyota stylists have a secret fetish for whale sharks.
  • statikboy: @ Jeff I don’t expect EVs to actually come down in price. I think that they will just continue to...
  • 28-Cars-Later: Ironic the Salton Sea would suddenly become useful.
  • 28-Cars-Later: “If “they” (who?) want global depopulation” I suspect you interacted with some of them...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber