Summary Auditor’s report of TaaS Token Sale Event

TaaS, the first ever tokenized closed-end fund dedicated to blockchain assets, is pleased to present the results of its Token Sale event as independently verified by Grant Thornton.

TaaS
TaaS
May 30, 2017 · 1 min read

TaaS’ Token Sale event was verified by Grant Thornton, one of the world’s leading organizations of independent advisory firms, which works across more than 130 countries. Grant Thornton has in-depth knowledge and practical understanding of blockchain assets and cryptocurrencies markets.

Grant Thornton experts in Poland worked on Token Sale verification in tight cooperation with TaaS team. External independent verification confirms transparency of calculating Token Sale results, including the total number of tokens circulating, obtained contributions and use of proceeds.

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.

The independent verification confirmed full transparency of all Token Sale results, including the total number of tokens issued and in circulation, the exact capital amount raised, use of proceeds and proper listing on the crypto exchanges.

Within the agreement between TAASFUND Pte Ltd and Grant Thornton Poland, the full “Auditor’s report on actual results to the executed agreed-upon procedures” document is available on the official request.

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Token-as-a-Service (TaaS) is the first-ever tokenized closed-end fund dedicated to blockchain assets.

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