Token-as-a-Service (TaaS) Fund, the first-ever tokenized closed-end fund dedicated to cryptoassets, today announced a strategic partnership with CrowdWiz, the first of its kind, self-governed investment ecosystem, aiming to reshape today’s financial industry by combining the latest blockchain technologies and the concept of ‘crowd wisdom’.
CrowdWiz is a next-generation decentralized investments ecosystem, based on the Ethereum blockchain. By using the Blockchain technology, the creators will revolutionize and democratize the investing industry and capital raising sphere by eliminating the contemporary intermediaries in the market, such as investment brokers, fund managers, underwriters, and big financial institutions. CrowdWiz claims to place the power and control over the investments in the hands of investors.
This partnership is vital for CrowdWiz because of the TaaS team’s resources and expertise of developing products for the cryptospace. Its in-house built Cryptographic Audit (CA) technology offers an example of best practices in setting transparency for money flow in blockchain projects. The ‘crowd wisdom’ concept, as well as the whole CrowdWiz ecosystem, goes along with TaaS vision of its future Kepler intelligence platform. Investment decision-making is, inter alia, the mission Kepler will be committed to. This cooperation aims to design a CrowdIndex based on the ‘crowd wisdom’ and apply it to Kepler analyses.
Slavena Savcheva, co-founder and BizDev:
“Given that CrowdWiz is a very ambitious project, partnerships like the one with TaaS are crucial to us. It makes us even more confident that we will make a difference seeing our ideas and beliefs aligned with companies with proven track record like TaaS Fund. Their feedback has been really valuable to us and we look forward to seeing our common efforts come to fruition.”
The CrowdWiz token sale is capped at $20 million and starts on November 20th, 2017 (12:00 UTC). It will be live until December 4th, 2017 (12:00 UTC) and will accept transactions amounted of minimum 0.1 ETH or 0.01 BTC or 0.5 LTC. CrowdWiz has already managed to raise $5.4 million in its 72-hour pre-sale, which started on October 10th, 2017.
Ruslan Gavrilyuk, TaaS President and CEO, said “Every strategic partnership of TaaS aims to improve the availability of blockchain and allows for further development of cryptospace infrastructure. Of course, we are excited to create the brand new products to change the crypto industry by ourselves. But mostly we’re excited to share technologies or generate collaborative one with like-minded projects.”
TaaS’ innovative Token-as-a-Service business model allows investors to capitalize on the rise of blockchain markets engaging in the inherent risks and technical barriers of investing in the blockchain. TaaS’ token sale event raised 7.6M USD(T) in April 2017. Today, TaaS is the first post-ICO blockchain project to produce 61% ROI for its first fully-operational quarter. Now TaaS approaches the end of its second quarter with a market capitalization exceeding 45M USD(T) and its token price of over 5.7 USD(T)/TAAS.
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