Overstock's 'Digital Dividend' Dominates Security Token Rankings

[Oxumare]

Less than three months after its ‘digital dividend’ airdrop, Overstock’s OSTKO is dominating the security token rankings for both market cap and volume.

Since airdropping to Overstock shareholders on May 19, Overstock’s OSTKO token has firmly established itself as the leading security token by trade volume.

OSTKO currently posts double the 24-hour trade of volume of the former-top token by volume, also ranking as the most-traded security token for the May despite its airdrop taking place with less than two weeks left in the month.

Thus far, the digital dividend appears to have successfully met Overstock’s goals. The firm asserted that the airdrop would provide a boost to the liquidity of its security token exchange tZERO.

OSTKO were distributed at a rate of one security token to every ten Overstock (OSTK) shares held by investors.

OSTKO appears to have emerged as the most-traded security token, currently boasting a 24-hour trade volume of nearly $20,000.
By contrast, the second-most traded security token, tZero’s TZROP token, is sitting at roughly $8,450 in daily trade activity, according to SecurityTokenCap.

Last month, OSTKO posted $518,600 in monthly trade volume, also beating out TZROP’s $431,000 to rank and the most-traded security token for the month of May.   

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