What is Taas?
Token-as-a-Service (TaaS) is the first-ever tokenized closed-ended fund dedicated to crypto assets, actively contributing to the development of the blockchain ecosystem and paying its token holders a quarterly 50% profit share.
TaaS generates its income from participation in ICO’s, trading crypto assets and cryptocurrencies on major exchanges and fixed income operations from cryptocurrencies. TaaS has a large team (30 people) but only 3 traders.
In order to receive dividends somewhere in Q1/Q2 2019 KYC is needed. More details follow when they appear.
TaaS has terminated its business and all funds have been (or will be if you where too late) refunded to token holders. 2019-04-17 TaaS announces it will stop the fund! You have to do a KYC at TaaS website in order to get redemption.
TaaS all time progress
| Lifetime TaaS Performance (8 dividend periods). | |||
| Total | Average | ||
| Profit | $12,451,161.74 | $1,556,395.22 | |
| Fees | $8,140,493.29 | $1,017,561.66 | |
| Dividend | $16,280,986.70 | $2,035,123.34 | |
| Dividend Per Token | $3.39007919 | $0.42375990 | |
| Dividend per Token in ETH | 0.00927370 | 0.00115921 | |
| USD Value now if you kept the ETH | $20.30295764 | $2.53786970 | |
TAAS Performance vs BTC, ETH, XRP, LTC, DASH and NEO
Would you have done better investing in the big crypto coins instead of buying TaaS?
Table below gives an overview if you had the choice to invest $1000 at the ICO ending or any given day.
| Crypto | Open price | Nr coins for $1000 | Current price | Current $ value | percentage% |
| BTC | $1,042.2100 | 0.9595 | $36,977.9135 | $35,480.2905 | 3,448.03% |
| ETH | $53.1200 | 18.8253 | $2,189.3040 | $41,214.3077 | 4,021.43% |
| XRP | $0.0101 | 98,765.4321 | $0.6250 | $61,727.2168 | 6,072.72% |
| LTC | $4.1800 | 239.2344 | $128.3100 | $30,696.1805 | 2,969.62% |
| DASH | $84.4200 | 11.8455 | $139.7661 | $1,655.6043 | 65.56% |
| NEO | $0.2125 | 4,706.5911 | $32.0913 | $151,040.5380 | 15,004.05% |
| TaaS market opening | $0.8199 | 1,219.6594 | $0.7214 | $5,014.6284* | 401.46% |
| TaaS ICO price | $0.8000 | 1,250.0000 | $0.7214 | $5,139.3735* | 413.94% |
| TaaS ICO NaV | $0.9292 | 1,076.1793 | $0.7214 | $4,424.7098* | 342.47% |
* Dividend included (Value TAAS + total dividend)
My view on TaaS
2019-02-26 It could be a bargain at the moment, trading at 25% at NaV. But the results past year where very disappointing, with 3 quarters in a row with no profit and 1 with just dust it’s also no certainty. If you are in it you might consider average your holdings down and buy a bit more.
Trading results seems to be a little bit better at the moment and I have not given up on the project. ICO and investments, well let’s leave it with the 2017 craziness has past and there are very few ICO projects ongoing worth investing.
Will you be better of holding crypto longer term rather than investing in TaaS. TaaS could be a hedge against that to spread risks, but 25% fees for just holding with a little different strategy than your own is a huge payment.
The only reason to buy more TaaS is the current market price and the statement TaaS made about “What will happen when the fund stops”. According the whitepaper token holders only rights is to receive dividends and if the funds stops it won’t be redistributed to token holders. This will change, making owning TaaS would be more like shares in the fund than it was.
Upcoming TaaS Payment
TaaS terminated its business
If you hold TaaS at the moment snapshot is taken (somewhere in the first week of November 2018) in any erc_20 supported Ethereum Wallet like MyEtherWallet, Nano Ledger S, Trezor or any other (except any exchange) you will receive your pay out automatically.
TaaS ICO and token details
| Website | taas.fund | |
| Whitepaper | Whitepaper | |
| Ico started | 2017-03-28 | |
| Ico ended | 2017-04-27 | |
| Ico Price | 1$ with 20% bonus | |
| Ico Price | $0.80000000 | |
| Ico NAV | $0.92921322 | |
| Total Raised | ||
| $7,569,371.61 | ||
| Total supply | 8,146,000.780000 | |
| Circulating supply | 8,146,000.780000 | |
| Payout currency | Ethereum | |
| Blockchain | Ethereum | |
| Tokentype | ERC-20 | |
| Ticker | TAAS | |
| Decimals | 6 | |
| Contractaddress | ||
| 0xe7775a6e9bcf904eb39da2b68c5efb4f9360e08c | ||