TaaS, the first-ever tokenized closed-end fund dedicated to blockchain assets, has announced the launch of Initial Coin Offering (ICO) that will conclude on April 27, 2017. A 25% bonus is offered for the first 1,000 BTC raised while the bonus system will decrease progressively up to 9,000 BTC. TaaS will reserve 2% of the collected funds for bounty programs related to the crowdsale.
TaaS focuses on new ways for investors to participate in and benefit from cryptocurrencies combining the Ethereum blockchain and a carefully engineered Cryptographic Audit technology. It fights against risks and technical barriers that hinder investments in the blockchain space. TaaS offers a revolutionary Token-as-a-Service business model, allowing investors to subscribe to the fund’s income stream. Thus, for the first time ever investors can enter the vast cryptocurrency market with complete auditing transparency.
“TaaS’ model solves the major problems faced by early adopters of cryptocurrencies, issues that make it impossible for institutional or traditional investors to access the world’s fastest growing market. We have designed the TaaS platform to reduce the risks and barriers faced by investors when entering the surging blockchain and cryptocurrency space”, Dimitri Chupryna, TaaS co-founder, says. “Experts from across the world have declared that blockchain technology will shake up many industries in the coming years, and those looking for a trusted access to this extraordinary market will be able to invest through TaaS during our crowdsale.”
TaaS differs from traditional closed-end funds as it will issue tokens built on a profit-sharing smart contract where token owners receive 50% of quarterly profits and the fund will get 25% of profits to maintain the fund’s capital pool without requiring additional investment.
The in-house Cryptographic Audit technology was developed to provide TaaS token owners with maximum transparency into non-Ethereum token investments. A set of autonomous auditing techniques responsible for tracking, recording and timestamping trading activity ensures that all profits are properly recorded, money flow is transparent, and the company is in possession of all declared funds.
The launch of ICO is not the only news from TaaS. The fund is developing the first Bloomberg-like portfolio management and analytics platform for cryptocurrencies named Kepler. The focus is made on the whole investment process, providing market research, due diligence and order management as well as risk exposure and performance forecasting.
“TaaS hopes to deliver significant and long-term changes in the blockchain industry and cryptocurrency market. We believe the vision and technology underpinning TaaS and Kepler will transform digital currency investments and we are eager to see its progress,” concluded Chupryna.