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

  • Jeff S: Yes, you should have seen all the trucks parked and Amazon trailers, pictures don’t give you a real...
  • BSttac: Well it went so well the first time these two partnered up, why not try it again…
  • Lou_BC: My ex- BIL had a Platinum F150 on 20’s and I had an XLT on 18’s. Spec wise, there wasn’t...
  • Lou_BC: @Carlson Fan – If a 5.3 and 6.2 truck are on the lot with the same options I want, I’ll buy the...
  • Lou_BC: Wow

New Car Research

Get a Free Dealer Quote

Who We Are

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