TaaS Rank 385
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8,146,001 TAAS

TaaS
TaaS
TAAS

TaaS $0.72437800
₿0.0000958181

8.99 %

24h Vol
0 BTC
$333
1 H
-0.63 %
24 H
8.99 %
7 d
-6.8 %
Current TaaS price is 0.7244 USD, and if converted to Bitcoin is 0.00009582 BTC. A total of 781 coin's are currently circulating in the Market. TaaS price change last 24 hours is 8.99 %, for more info please view all cryptocurrencies. Over the past 24 hours 0.000 M US dollars TaaS has been traded on Crypto Exchanges. Track / follow TaaS's progress by adding it to your favourites by creating a free portfolio if you wish.
Full Name
TaaS
Symbol
TAAS
Algorithm
ETH Token
BTC Price
0.00009582 BTC
BTC Market
781 BTC
BTC 24h Vol
0 BTC
Total Coins Mined
8,146,001 TAAS
1h
-0.63 %
24h
8.99 %
7d
-6.8 %
Twitter
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Description

Description


TaaS stands for Token as a Service. It is an investment fund designed to ease the process of investing in blockchain markets. TaaS will be an active player across blockchain markets, investing in cryptocurrencies and tokens. 

The TAAS tokens are built on a profit-sharing Ethereum smart contract. Every 3 months, a designated smart contract will disperse 50% of TaaS fund profits, equally spread out over the number of outstanding tokens. Intuitively, it implies that investors with a larger share of tokens will receive a higher return.

ICO Details

ICO Details


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The smart contract allows token owners to collect 50% of quarterly profits. To grow the capital pool without attracting additional investment, 25% of profits will be reinvested back into the fund. This allows the Net Asset Value (NAV) of a token to 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 the fund’s income flow, TaaS introduces a Token-as-a-Service (TaaS) business model. TaaS aims to be the first truly transparent CEF dedicated to blockchain with full cryptographic audits on non Ethereum based tokens.

The sale ran from March 27th, 2017 to April 27th, 2017 and raised and used the following bonus schedule. For the first 1000 BTC raised there would be a 25% discount and every following 1000 BTC would receive 2.5% less in bonus until 9,000 BTC + which receives 0 bonus. 

3942 investors raising 3,536 BTC, 45,272 ETH and 193,562 USDT totalling a value of $7,569,373. With an average investment size of $1920. TaaS says that investors receive 100% of the tokens created but the distribution of ICO funds allocates 75% to the portfolio, 15% to operations and 10% to a reserve fund. Funds raised will be audited by HLB international.

 ICO auditors report

 

ICO Status Finished
Token Supply 8146000.78
Start Date 2017-03-27
End Date 2017-04-27
Fund Raised (BTC) 3,536 BTC, 45,272 ETH, 193,562 USDT
Fund Raised (USD) 7569373
Start Price (USD) 1
Security Audit Company N/A
ICO Legal Form N/A
ICO Jurisdiction Singapore
Legal Advisers N/A
Blog https://medium.com/@Taas
White Paper http://taas.fund/media/whitepaper.pdf

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