What is TaaS Crypto Currency?A brief description of TaaS.
TaaS introduces an innovative business model that allows investors to capitalize on the rise of blockchain markets without dealing with hurdles, risks and technical barriers associated with owning, transferring and trading cryptocurrencies and tokens. Open for investment exclusively during Initial Coin Offering, TaaS is a last generation closed-end fund (CEF) that utilizes Ethereum blockchain and Cryptographic Audit technology to offer full transparency to its investors. Unlike traditional closed-end funds that issue a fixed number of shares which are not redeemable from the fund, TaaS issues tokens built on a profit-sharing smart contract.
A smart contract allows token owners to collect 50% of quarterly profits. To grow capital pool without attracting additional investment, 25% of profits is reinvested back into the fund. It allows Net Asset Value (NAV) of a token increase over time, making TaaS the first blockchain token to have its value explicitly tied to the performance of a parent project. In its essence, by effectively eliminating entry barriers and allowing investors to safely subscribe to fund’s income flow, TaaS introduces a Token-as-a-Service (TaaS) business model.
TaaS Video
The purpose of TaaS
Tokenized closed-end dedicated to blockchain assets, low entry barrier, lower risk because of diversification, Dividend yield, The smart contract allows token owners to collect 50% of quarterly earnings. To grow the capital pool without attracting additional investment, 25% of profits will be reinvested back into the Fund.
TaaS Abstract
TaaS introduces an innovative business model that allows investors to capitalize on the rise of blockchain markets without dealing with hurdles, risks and technical barriers associated with owning, transferring and trading cryptocurrencies and tokens. Open for investment exclusively during Initial Coin Offering, TaaS is a last generation closed-end fund (CEF) that utilizes Ethereum blockchain and Cryptographic Audit technology to offer full transparency to its investors. Unlike traditional closed-end funds that issue a fixed number of shares which are not redeemable from the fund, TaaS issues tokens built on a profit-sharing smart contract.
More information can be found in the TaaS whitepaper http://taas.fund/media/whitepaper.pdf
Other TaaS facts
- Trading symbol: TAAS
- Governance: Centralized > Hierarchical
- Open source: No
- Product status: Fully working product
- Consensus method: Ethereum consensus (currently proof of work, will be proof of stake later on)
- Emmission rate: No new tokens created
- Transactions per second: Unfortunately we don’t have this data available.
- Total Supply: N/A
- Release date: 2017-02-17
Usefull TaaS links
- TaaS’s Website
- TaaS pricing data & fundamental TaaS information
- TaaS’s Website
- TaaS official blog
- TaaS’s Bitcointalk Forum
- TaaS’s Reddit Forum
- TaaS’s block explorer
- TaaS’s Alexa site stats
- TaaS’s official forum: Unfortunately we don’t have this data available.
- TaaS’s Github code repository:
Unfortunately we don’t have this data available. - TaaS’s roadmap:
https://medium.com/@cryptojudgement/token-as-a-service-closed-end-blockchain-fund-interview-with-co-founder-90601b12cd9f - TaaS’s team page: https://taas.fund/
- TaaS’s whitepaper: http://taas.fund/media/whitepaper.pdf