TaaS Payout Instruction

We are approaching the date of TaaS’ first quarter payouts. The exact date of transaction won’t be announced for security reasons. Payouts are going to be distributed between 4th and 10th August, 2017.

In order to ensure correct payouts receiving we provide you with this detailed guideline. Your TaaS tokens should be moved to the relevant wallets before the date of August 4, 2017 (inclusive). Notice that failure to comply with this instruction may result in a loss of your cryptoassets.

Your TaaS tokens should be stored in:

  • TaaS wallet;
  • open-Source & Client-Side Ether Wallet – MyEtherWallet;
  • hardware wallets – Trezor and Ledger;
  • exchanges that support TaaS token and payouts – Livecoin.net;
  • Ethereum desktop wallet – Mist or Parity.

TaaS wallet and MyEtherWallet and hardare wallets

If your TaaS tokens are stored in TaaS wallet, MyEtherWallet or hardware wallets (Trezor and Ledger) you will get an incoming ETH transaction from payout address. Then you may store received ETH or send it to another wallet or exchange.

Login to your TaaS account to make sure you remember your password. If you don’t remember your password we strictly recommend to restore it before the date of August 4, 2107 (inclusive).

Livecoin.net

If you have your TaaS balance on Livecoin exchange the following will happen:

  • on August 4, 2017 Livecoin will freeze all trading operations of TaaS asset, along with deposits and withdrawals;
  • all current TaaS balances will be used to calculate the amount of payouts;
  • payouts will be distributed and deposited to your Livecoin account balance;
  • trading operations of TaaS will resume.
If your TaaS tokens are stored on any exchange except Livecoin we strictly recommend to move TaaS tokens to your TaaS wallet, MyEtherWallet or other preferable wallet. TaaS balances on the exchanges (excluding Livecoin) will not receive payouts.

Mist, Parity and other Ethereum desktop

If you store TaaS tokens in desktop wallet (Mist or Parity or another) your wallet will get an incoming ETH transaction from payout address. Then you may store received ETH or send it to another wallet or exchange.

FAQ

– What is the payout?

Tokenholders receive 50% of fund earnings quarterly, further – “payout”.

– What currency payout will be sent?

The payout will be send in the form of ETH.

– What is the expected payout per 1 TaaS token?

The amount of payout will be announced additionally together with fund’s performance report.

Disclaimers

TaaS Fund is not acting and cannot act as an advisor, including as to any financial, legal, investment, insurance, procedural and/or tax matters. Any information provided by TaaS Fund is for general information only. You are solely responsible for failure to perform any needed from you actions and determining whether any contemplated action is appropriate for you.
The information presented on or through the TaaS Fund is made available solely for general information purposes. Any reliance you place on such information is therefore strictly at your own risk. We disclaim all liability and responsibility arising from any non-compliance placed on such materials by you or any other visitor to the TaaS Fund, or by anyone who may be informed of any of its contents.

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