Token-as-a-Service (TaaS) is a last-generation tokenized closed-end fund, actively contributing to the development of the blockchain ecosystem. TaaS introduces an innovative Token-as-a-Service business model that allows the TAAS token holders to capitalize on the rise of blockchain markets without the hurdles, risks and technical barriers associated with owning, transferring and trading cryptocurrencies and tokens.
Open for contributors exclusively during the Token sale, TaaS is the first-ever tokenized closed-end fund (CEF) that utilizes the Ethereum blockchain and Cryptographic Audit technology to offer full transparency to its token owners.
Built on a profit-sharing smart contract, TaaS introduces an innovative Token-as-a-Service business model, allowing contributors to subscribe to the Fund’s income stream. The smart contract offers token owners 50% of quarterly capital gains. To grow the capital pool without attracting additional token sales, 25% of capital gains are reinvested back into the Portfolio. The premise is that the gradual increase in the Net Asset Value (NAV) of token increases over time is therefore explicitly tied to the performance of their parent structure.
The operations of the Fund’s Active Portfolio include participation in Token Generation Events (TGEs), trading crypto assets and cryptocurrencies on major exchanges and fixed income operations from cryptoassets.
TaaS Token sale event concluded on April 27th, 2017 and attracted 3,942 participants who contributed 7,569,371.61, valued in USD(T) on April 27th. As a result of the sale 8,146,000.78 tokens were distributed, while the rest of the initially created 101 million tokens were burnt. The price of the tokens (including bonuses) during the sale ranged from 0.8 to 1.0 USD(T)/TAAS.
During the first fully-operational quarter post its Token sale, TaaS Fund produced an ROA of 61%. TaaS concluded quarter with earnings of 4.62 million USD(T). First TaaS token owners’ payouts amounted to 0.28USD(T) per 1 TAAS. Payouts were distributed to the 4,300+ token owners of TAAS on August 7, 2017, in the form of ETH.
TaaS’ second fully-operational quarter ended October 31st, 2017. The company reaffirmed its transparency and efficiency, reporting on 5.47 million USD(T) equivalent capital gains and 72% ROA over the period . TaaS profitability indicators represented 0.3358 USD(T) equivalent payout per 1 TAAS, distributed on November 4, 2017.
TaaS capital gains for the third fully-operational quarter (November 1, 2017 – December 31st, 2018) exceeded 22,2 million USD(T) equivalent, generating a 293% ROA. In its third quarter, TaaS outperformed the global cryptomarket by (generated Alpha of) an est. 82% and Bitcoin by over 205%. TAAS token owners payouts comprised 1.3627 USD(T) equivalent per 1 TAAS were distributed on February 4, 2018.