TaaS based by Ethereum smart contract is a first-ever Closed-End Fund with innovative business. Built on a profit-sharing smart contract smart contract can safely guarantee honest payout distribution, TaaS introduces a revolutionary Token-as-a-Service business model, allowing investors to subscribe to fund’s income stream. TaaS built an innovative Cryptographic Audit technology to become the first, truly transparent fund dedicated to cryptocurrencies and tokens.
Taas Business Model: The closest real-world model to what we are building is a closed-end fund (CEF). Just as a company going public, a closed-end fund offers its shares during an initial public offer and then closes to new capital after it begins operating. TaaS operates as a first ever tokenized closed-end fund dedicated to blockchain assets. Initial Coin Offering (ICO) starts March 27th and will last until April 27th. When over, TaaS cannot accept additional investment for a simple reason: its model rewards investors with 50% of quarterly profits and eliminates exposure to losses. To grow the fund’s base grows over time, 25% of profit is reinvested back into the portfolio.
TaaS would have to pause a profit sharing program until the balance safely surpasses the minimum again. The minimum is set to be equal to the initial active trading portfolio, or 75% of ICO funds collected (see distribution further).
Tass Initial Coin Offering starts March 27th and lasts until April 27th. In the process, we are offering 101,000,000 TaaS tokens, $1 each. It pays to invest early, with the very first 1000 BTC raised offering a generous +25°/o bonus. Later on,
Taas bonus system decreases progressively all the way up to 9000 BTC. The fund remains open until we reach our maximum investment goal or while ICO is still running. We reserve up to 2°/o of collected funds for bounty programs to encourage early adopters and TaaS enthusiasts. To guarantee complete neutrality, TaaS fund will never purchase or own any of its tokens after ICO completion. We will burn remaining post-lCO tokens.
Tass distribute 50% of quarterly fund profits, equally spread out over the number of outstanding tokens. Intuitively, it implies that investors with a larger share of tokens will collect a higher return. In the event of a quarterly loss, a smart contract remains inactive, eliminating any user exposure. To avoid deliberate bankruptcy attempt scenario, TaaS is not going to get involved in any market activity of its tokens, keep or own tokens, or dilute the supply. Initial issuance and distribution is governed by Ambisafe, our technology partners. Should not all tokens be sold, Ambisafe will burn the remaining bit.
TaaS an Token-as-a-Service mission is to deliver superior experience to token owners by leading investment innovations in the blockchain space. Thanks to the emergence of crypto economics, we believe the mechanism we built is going to define rules and standards for the industry. Built by top blockchain pioneers, TaaS and Kepler are on track to revolutionize the journey of investing in cryptocurrencies and tokens forever.
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