Kyiv, Ukraine – November 1, 2017 – Token-as-a-Service (TaaS), the first-ever tokenized closed-end fund dedicated to cryptoassets, announced a strategic partnership with CrowdWiz, the first of its kind, a 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 Ethereum. By using Blockchain technology, the creators will revolutionize and democratize the investing and capital raising sphere by eliminating the contemporary intermediaries in the market, such as investment brokers, fund managers, underwriters, and large financial institutions. CrowdWiz will empower investors worldwide.
The partnership is vital for CrowdWiz because of the TaaS team’s resources and expertise in 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, coordinates perfectly 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 CrowdIndex based on the ‘crowd wisdom’ and apply it to Kepler analyses.
Slavena Savcheva, co-founder and BizDev, said, “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 records 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 accept transactions of a minimum 0.1 ETH, 0.01 BTC or 0.5 LTC. CrowdWiz has already managed to raise $5.4 million with its 72-hour presale, 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 brand new products to change the crypto industry by ourselves. But mostly we’re excited to share technologies or generate collaborative ones with like-minded projects.”
TaaS’ innovative Token-as-a-Service business model allows its token owners to capitalize on the rise of blockchain markets without engaging in the inherent risks and technical barriers associated with owning, transferring and trading cryptoassets. TaaS’ token sale event raised 7.6M USD(T) in April 2017. Today, TaaS has become the first post-ICO blockchain project to produce 61% ROI for its first fully-operational quarter. Now TaaS has successfully concluded it’s second quarter with capital gain amounted to 5.5 Million USD(T).
