Today TaaS price in US dollars is currently
USD, and if converted to Bitcoin is
BTC. A total of 811 coin's are currently circulating in the Market. TaaS prices are currently experiencing a change of 12.31 %, check all cryptocurrency. Over the past 24 hours 0.000 M US dollarsTaaS has been traded on Crypto Exchanges. Get TaaS's progress by adding it to your favourites and creating a free portfolio if you wish.
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.
TaaS Crypto Technology
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TaaS Crypto Features
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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.
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