Last Updated on February 3, 2021 by cryptocreed
Update [2020]: TaaS is now closed, but its coin is in the market.
We have come to the decision to terminate Token-as-a-Service and distribute assets to token owners and move over to developing new products and services, which we will be more than happy to present to the community in due course.
Together with the genuine support of the highly esteemed Community, It is proud to have achieved some outstanding results within just 24 months of operation. Token exceeded 16.5 million USDT equivalent in quarterly payouts, with an est. 220% ROI.
Taas Fund is also known as Token As a Service (not as Testing As A Service). It is a tokenized closed-end fund designed to reduce the risks and technical barriers of investing in the blockchain space. TaaS introduces an innovative business model that allows investors to capitalize on the rise of blockchain markets and using the Ethereum blockchain and its spearheading Cryptographic Audit innovation. ICO starts on 27th March and it was until 27th April, exactly one month.
TaaS tokens represent a Proof-of-Membership in a fund. It grants access to 50% of fund profits, executed by an Ethereum smart contract.
Taas Funds distributing rewards 50% of quarterly profits between Taas holders or token owners and to grow the capital pool without attracting additional investment, 25% of profits will be reinvested in to fund back. This helps to increase the Net Asset Value (NAV) of the token, It introduces a Token-as-a-Service Fund (TaaS Fund) business model.
Taas Structure
Taas will sell a maximum of 101 million Taas coins in their ICO and no additional Taas coins will ever be created in the future. And the structure of token sale is built in a way that the tokens have a fixed price of 1$ also the tokens which are not sold in between ICO will be burned automatically. This is unique and it makes Taas different from other projects that usually hold on to a certain percentage of tokens to sold in ICO.
The Bonuses
There are bonuses for ICO not based on duration as many other ICO have. Grid is constructed with regards to the amount raised
Taas Funds Cryptographic Audit
The Taas Cryptographic Audit is a set of ideal and unique auditing tools, the techniques that trace, records, and timestamps buying and selling activity. The technology of this project is to make sure users or members to easily validate history and portfolio balances. Cryptographic Audit of the token was built specially to provide high security for money flow in blockchain projects.
Accounts on Audible Exchange
This platform provides the stage where each account used for trading on the exchange, which has an API Key that will allow anyone to verify the trade and balance history of each account. It has an account with almost every major exchange service. It is hosting an audit page with a full list of API Keys and accounts information.
Proof of Reserves For Non-Exchange Accounts
A cold storage addresses that will be used for all non-exchange accounts for storage of funds also provide proof of ownership, a transaction with a special marker in OP_RETURN will be sent from each account in order to verify that the account in question belongs to the project.
Proof of Reserves For Fiat Accounts
It is using TLSNotary or a similar solution to provide cryptographic proof of fiat currency reserves in our bank and exchange accounts.
Regular Blockchain Snapshots
For proof that nobody misconduct data between the audits. A peerless smart contract will be formed to retain the daily blockchain snapshot of audit data.
TaaS Team
From the TaaS Fund was founded, their team working really very hard on this project and they have brilliant engineers and directors.
For more Information Visit their Website
TaaS coinmarketcap: Click here.
