TaaS presented the report of its 5.5 million USD(T) quarterly capital gains.
Kyiv, Ukraine – November 4, 2017 – Token-as-a-Service (TaaS), the first-ever closed-end tokenized fund actively contributing to the development of the blockchain ecosystem, today presented its Quarterly Report for its second fully-operational quarter. The company reaffirmed its transparency policy providing the full overview of TaaS performance of the reported period (August 1st – November 1st, 2017).
TaaS Second-quarter Report represents in detail the performance of the Company during the period. Thus, TaaS provides the community with full transparency with up-to-date trading activity, easily verified with TaaS in-house built Crypto Audit technology.
The report concludes the summary of TaaS operations with financial statements annexed. At the moment, TaaS total assets amount to 18 Million USD(T) equivalent with the increase of 156% in the recent quarter. TaaS capital gain of the period is in total 5,470,785 USD(T) equivalent.
TaaS Portfolio is also represented in detail in the report. It shows all TaaS holdings, including recent contributions made in the second quarter. TaaS participated in Token Sales in the reported period: Proof (884 ETH), Etherparty (800 ETH), Jibrel (250 ETH), ICON (750 ETH), BlockV (344 ETH), and Sense (359 ETH). The amount of over 1 Million USD(T) equivalent was contributed in total.
Expanded TaaS profitability indicators represent 0.3358 USD(T) equivalent payout per 1 TAAS, which was distributed with the fixed exchange rate of 310.9 USD(T)/ETH. This provides cumulative 133% ROI for those who contributed to TaaS Token Sale. Payouts were distributed on November 4, 2017.
TaaS also announced that exchange Orderbook listed TAAS. It is a secure distributed exchange, powered by smart contracts, providing ease of use, access recovery and low fees. Orderbook exchange has joined right after the payout distribution. In addition, it offers TaaS users extra benefits of lower fee and payouts receiving. TaaS tokens are currently listed on the following exchanges: Livecoin, EtherDelta, HitBTC, CoinExchange and Liqui.
In early 2017, TaaS introduced an innovative business model that allows contributors to capitalize on the rise of blockchain markets without dealing with the hurdles, risks and technical barriers associated with owning, transferring and trading cryptoassets. The company launched the Token sale, ended on April 27th, 2017 and attracted almost 4k participants who contributed 7.6 Million in USD(T) equivalent. TaaS began its operating activities, focused on active trading of cryptoassets and contributing to the most promising blockchain projects.
During the first quarter, TaaS’ capital gain amounted to 4.6 Million USD(T). This provided TaaS token-owners with payouts of 0.28USD(T) per 1 TAAS. TaaS has become the first post-token sale blockchain project to produce 61% ROI for its first quarter.
The second quarter ended October 31st, 2017. At that time, TaaS token price exceeded 5.5 USD(T), with an increased market capitalization to almost 45 Million USD(T). This provides an over 450% ROI to the participants of the Token Sale held just over six months ago.
TaaS would like to commend our team, who worked very hard to accomplish this. We would also like to thank the community for their support.
Onward to our next successful third quarter!