$1.30 1.61%
XTZ · 16w

What is Tezos (XTZ) About?

The memorandum and whitepaper of the Tezos project and its XTZ crypto-coins were published on August 3, 2014, with the “Tezos: A Self-Amending Crypto-Ledger” title. Later that year, Arthur and Caitlin Breitman formed a development team to implement the ideas of their protocol.

A year later, a development company was founded under the name Dynamic Ledger Solutions for the continuous work and development of the Tezos project. The first open-source publication took place in September 2016, the Tezos test network was launched, and the team moved to Paris.

Read our XTZ price prediction for 2019

In February 2017, the founders of the project decided to conduct an ICO to accumulate funds for the further development of technology, popularizing ideas and expanding the Tezos cryptocurrency community.

Tezos XTZ Token ICO Details

ICO Platform Ethereum Ticker XTZ Initial token price $0.47 USD Coins accepted BTC, ETH Funds Raised $232,000,000 USD Curr. ROI since ICO 194% Tezos Lawsuit Issue

Shortly after the end of the ICO, problems quickly began to appear one after another. Some of the key events include lawsuits, leaders leaving or being replaced, fines, securities fraud allegations, and a delayed mainnet launch that has provoked many XTZ holders with impatience. 

You can read more about the Tezos lawsuit in an in-depth story from Wired. The process continues, which does not stop Tezos from actively developing the project and conducting XTZ coin listings on the largest cryptocurrency exchanges and trading platforms like Kraken, Huobi, Coinbase Pro, eToro.

British exchange and trading social network eToro has listed Tezos, while the coin has seen a price surge of almost 50% on the weekhttps://t.co/vak0DmEGWJ— Cointelegraph (@Cointelegraph) August 6, 2019 Arthur and Caitlin Breitman, Tezos (XTZ) co-founders at Money 20/20 conference in Las Vegas, Nevada, 2017. Source: reuters.com So what is Tezos? A short vi...
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