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TaaS

Ended
Ended: Apr 28, 2017

Token as a Service

Token-as-a-Service

Closed-End Fund

TaaS is a tokenized closed-end fund dedicated to blockchain markets.

A tokenized closed-end fund designed to reduce risks and technical barriers of investing in blockchain space

Website

taas.fund

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Intro Video

ICO Details

Ticker Symbol:
TAAS
Platform
Ethereum (ERC20)
Country:
Singapore
Total supply
101,000,000 TAAS

Public Crowdsale

Ended
Date Sale:
Mar 27, 2017 — Apr 28, 2017 @ 32 days
Sale Avalable Tokens:
101,000,000 TAAS @ 100.0%
Price:
1 TAAS = 1 USD

ICO Overview

TaaS is a tokenized closed-end fund designed to reduce risks and technical barriers of investing in blockchain space. Built on a profit-sharing smart contract, TaaS introduces Token-as-a-Service business model, allowing investors to subscribe to fund’s income stream. TaaS built an innovative Cryptographic Audit technology to become transparent fund dedicated to cryptocurrencies and tokens.

About TaaS TaaS leverages the transparency of the Ethereum blockchain and of exchanges that have Proof-of-Solvency implemented (auditable cold storage reserves) such as Poloneix and Kraken, to develop “Cryptographic Audit” technology. Cryptographic Auditing will allow token holders to monitor the performance of the fund in near real time without prior blockchain experience. TaaS fund’s use of proceeds will be simultaneously audited by HLB International, a private accounting firm. The fund itself will be composed of investments in crypto-assets including Bitcoin. A minimum of 10 to 30 percent of the portfolio will be composed of investments in Bitcoin. The Bitcoin reserve will be used to provide stability to the fund and liquidity to facilitate dividends distributions. The founding team will act as the fund’s managing partner. Investment decisions will be informed by KEPLER an in-house built intelligence system that monitors Bitcoin market cyclicality. KEPLER also offers market research and portfolio management tools. Investors in the TaaS ICO will get one year free access to KEPLER when it’s released to the public at the end of 2017.

Note: The legal terms of the sale indicate that US citizens and permanent residents are not allowed to participate.

TaaS (Token as a Service) is selling membership tokens in a closed-end crypto-asset fund. The TaaS token will entitle holders to 50 percent of the funds profits, paid out using a profit-sharing Ethereum smart contract. Dividends are paid out on a quarterly basis.

TaaS leverages the transparency of the Ethereum blockchain and of exchanges that have Proof-of-Solvency implemented (auditable cold storage reserves) such as Poloneix and Kraken, to develop “Cryptographic Audit” technology. Cryptographic Auditing will allow token holders to monitor the performance of the fund in near real time without prior blockchain experience. TaaS fund’s use of proceeds will be simultaneously audited by HLB International, a private accounting firm.

The fund itself will be composed of investments in crypto-assets including Bitcoin. A minimum of 10 to 30 percent of the portfolio will be composed of investments in Bitcoin. The Bitcoin reserve will be used to provide stability to the fund and liquidity to facilitate dividends distributions. The founding team will act as the fund’s managing partner. Investment decisions will be informed by KEPLER an in-house built intelligence system that monitors Bitcoin market cyclicality. KEPLER also offers market research and portfolio management tools. Investors in the TaaS ICO will get one year free access to KEPLER when it’s released to the public at the end of 2017.

The TAAS token is a fully tradable Ethereum metatoken and a profit sharing smart contract. Holders of the smart contract will receive dividends distributions in the form of ETH. After the TaaS token sale ends, no new coins will ever be created. 100 percent of TAAS tokens will be sold off during the token sale.

25 percent of the profits from the fund will be used to make future investments in the crytpo-asset industry and an additional 25 percent will be distributed to the development team. The remaining 50 percent will distributed to TAAS token holders.

The TaaS fund is incorporated as a business entity in Singapore. Code for the profit sharing smart contract has not been made publically available.

According to the TaaS whitepaper, the KELPER portfolio management and trading analytics platform will be released to the public at the end of 2017, but so far no code has been made public.

2016 and 2017 have seen a rapid increase in the number of projects that are leveraging blockchain technology to disrupt traditional equity and security markets. The blockchain industry has already seen an incredible diversity in these types of projects from tokenized venture capital funds to blockchain-based hedge funds. TaaS Fund’s most direct competition is going to come from other tokenized funds focused on investments in crypto-assets.

In 2016 ICONOMI raised more than $10 million in their token sale to launch a platform for managing funds on a blockchain. ICONOMI will support ETF-like financial instruments called Coin Traded Funds (CTF) that will primarily consist of investments in crypto-assets, as well as hedge funds. Eventually, ICONOMI plans on launching a marketplace where anyone can issue and sell shares in a fund.

Melonport raised $3 million in less than ten minutes in 2017. Melonport is launching a platform for hedge fund management on the Ethereum blockchain. The Melon protocol itself is not a Taas Fund competitor, but if it takes off, it should spawn a range of additional hedge funds focused on cryptocurrency. Taas could choose to migrate to Melon and take advantage of its auditability features.

There are several other live opportunities to invest money in another actively managed crypto-asset-focused fund. This category of companies is referred to as HYIP: High Yield Investment Programs. Some notable examples include Bitup and Ethtrade. Here is a list of currently active programs. HYIP have a poor reputation because they are custom-built for scams: send crypto-currency to an unregulated and often-anonymous fund, hope they pay out promised rewards, and if so, hope that payouts are from actual fund performance and not from new investments. It’s unclear how much gets invested in these funds, but the lack of transparency is a barrier to adoption.

The team includes ten core members located in Kiev, Ukraine with an additional team of developers located in the United States. TaaS has nine confirmed advisors including Mike Costache, the CEO of KrowdMentor, a consulting firm specializing in strategic crowdfunding; John Wong the vice president of business development at Propy Inc. and a former vice president at Wells Fargo; and Arnold Spencer a council member of Coinsource and a lawyer who specializes in white collar crime and corporate criminal defense.

The four co-founders worked together previously at a crypto-asset investment firm called Bitup Analytical Group prior to launching TaaS.

March 30, 2017 at 3:32 am, Aleks said:

Important thing in the TaaS registration TOS for US Citizens and residents.

3.9 YOU ARE ONLY ALLOWED TO PURCHASE TAAS TOKENS IF AND BY BUYING TAAS TOKENS YOU COVENANT, REPRESENT, AND WARRANT THAT YOU ARE NEITHER A U.S. CITIZEN OR PERMANENT RESIDENT OF THE UNITED STATES, NOR DO YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN THE UNITED STATES, INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, AND ANY OTHER POSSESSIONS OF THE UNITED STATES. IN ORDER TO BUY TAAS TOKENS AND BY BUYING TAAS TOKENS YOU COVENANT, REPRESENT, AND WARRANT THAT NONE OF THE OWNERS OF THE COMPANY, OF WHICH YOU ARE AN AUTHORIZED OFFICER, ARE U.S. CITIZEN OR PERMANENT RESIDENT OF THE UNITED STATES, NOR DO YOU HAVE A PRIMARY RESIDENCE OR DOMICILE IN THE UNITED STATES, INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, AND ANY OTHER POSSESSIONS OF THE UNITED STATES. SHOULD THIS CHANGE AT ANY TIME, YOU SHALL IMMEDIATELY NOTIFY TAAS FUND. THE COMPANY SHALL RESERVE THE RIGHT TO REFUSE SELLING TAAS TOKENS TO ANYONE WHO DOES NOT MEET CRITERIA NECESSARY FOR THEIR BUYING, AS SET OUT HEREUNDER AND BY THE APPLICABLE LAW. IN PARTICULAR, THE COMPANY MAY REFUSE SELLING TAAS TOKENS TO U.S. CITIZENS, PERMANENT RESIDENTS OF THE UNITED STATES AND THOSE USERS WHO DO NOT MEET ANY CRITERIA SPECIFIED IN CLAUSE 2.6.

Reply

April 24, 2017 at 2:27 am, Cliff said:

> What reasoning is behind restricting access to U.S. investors?

Reply

April 25, 2017 at 11:28 pm, Jeff said:

> I read through all that just to find out I can’t invest. Lame

Reply

May 26, 2017 at 8:35 pm, JR said:

Well, who’s gonna check to see where the Bitcoin comes from?

Reply

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News & Media

TaaS step-by-step guide

Mar 27, 2017, 2:20:20 PM

TaaS: Token-as-a-Service Bounty Campaign

Feb 17, 2017, 8:32:09 PM

Team

Olga Tertyshna
Marketing
Maksym Muratov
Co-Founder, Managing partner
Dimitri Chupryna
Co-founder, Technology & Analytics
Konstantin Pysarenko
Co
Matviy Zakharuk
Jr Data Analyst

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