TaaS Crowdsale Raises $7.7m, Token Now Trading on Two Exchanges

TaaS, a tokenized closed end fund dedicated to Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term assets, has concluded its Initial Coin Offering (ICO) with about $7.7 million raised from 3761 investors. Specifically, 3,424 BTC, 45,180 ETH, 192,562 USDT (Tether) and $43,368 USD were invested in the platform during the ICO.

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President and co-founder of TaaS Ruslan Gavrilyuk said: “TaaS is extremely pleased with the successful crowdsale result, which garnered a high degree of public interest well before the ICO opened. The investment rate reflects the strong market demand for a platform that reduces the barriers to entry for investing in Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, a niche that TaaS has now filled."

“TaaS would like to thank the community for the enormous show of support it received and reaffirm its commitment obtaining the highest yields possible for its investors. As the token is integrated with exchanges Kuna and Livecoin today, with further exchanges becoming available soon, investors can benefit from easy, fully transparent and convenient access to the vast cryptocurrency market,” he added.

TaaS token-owners will collect 50% of quarterly earnings in ETH via an Ethereum smart contract. To grow the capital pool without attracting additional investment, 25% of earnings will be reinvested back into the fund.

Gavrilyuk concluded: “TaaS is proud to launch the token into the market and offer investors a new way to participate and benefit from the growing blockchain space. We trust the high degree of transparency and user-friendly experience provided by the Cryptographic Audit feature will set a new standard for future ICOs.”

A portion of the funds raised will be dedicated to developing Kepler, a Bloomberg-like platform for cryptocurrency investors.