TaaS Contributes 884 ETH to Proof Platform’s Upcoming TGE Meant to Transform Traditional Investments for the Digital Future
Kyiv, Ukraine – August 14, 2017 – Token-as-a-Service (TaaS), the first tokenized closed-end fund allowing investors to capitalize on the rise of blockchain markets, announced today a strategic contribution to Proof, a platform created on blockchain technology to transform traditional investments.
Through this new innovative platform, real estate, businesses, interest-yielding business loans and even commodities can now become ownership tokens, available for anyone to buy. Proof provides seamless access to investment deals by using smart contracts on a decentralized platform.
Proof’s Token Generation Event (TGE) is scheduled for October 8, 2017. Proof token owners will be in a unique position to potentially realize exponential growth. TaaS has joined Proof’s TGE during the Pre-sale with a contribution of 884 ETH, which is equivalent to 260,000 USD(T).
“We are excited to be added to the portfolio of TaaS. Their enthusiasm for our vision is a testament to Proof’s long-term objectives. TaaS will lead the way, adopting Proof’s platform to facilitate trades,” said Mike De’Shazer, co-founder and CEO of Proof.
Last month, Forbes reported 20 new hedge funds launched over the past coupe to months, which are investing in diversified portfolios of crypto assets. Proof’s platform provides these users with the necessary tools to analyze, monitor and trade their digital assets.
“Proof will be a game-changer in traditional investing. We believe their new platform will be indispensable to investors worldwide,” said Ruslan Gavrilyuk, co-founder and President of TaaS.
This marks TaaS’ first TGE contribution since it completed its first fully-operational quarter, which ended on August 1, 2017. During the first fully-operational quarter TaaS contributed to 12 TGEs a total to 3 million USD(T). TaaS also generated earnings of 4,623,111.61 USD(T) which was the equivalent of a 61% ROI. This provided a payout of 0.28USD(T) to each TaaS token owned.
Token-as-a-Service (TaaS) is the first tokenized closed-end fund that allows its investors to capitalize on the rise of Blockchain markets. Utilizing Ethereum blockchain and its Cryptographic Audit technology, TaaS offers a brand new comprehensive approach to capital raising, fund management, and auditing with full transparency for its investors. TaaS is currently trading on Liqui, LiveCoin, and HitBTC. TaaS was co-founded by blockchain pioneers Konstantin Pysarenko, Ruslan Gavrilyuk, Dmytro Chupryna, and Maksym Muratov and has professional team members from USA, Ukraine, Poland, Romania, South Africa and China. TaaS produced a 61% ROI for its first fully-operational quarter (May 1 — August 1, 2017) and as per its original White Paper, it paid 50% of that to its token owners, reinvested 25% back into the fund so that it grows in perpetuity and paid 25% to its management.
Proof Suite has a diverse ecosystem of over ten tools currently in use by companies to integrate blockchain technology. The flagship tool, the Proof Dashboard, is a portal for users to create cryptoassets backed by real-world assets and trade them with the ease. In addition to this Proof provides easy to use legal agreement generators and website generator tools for token creation and sales. Proof’s public token sale begins on October 8th, 2017 and it is aimed at seeding crypto-fiat that is pegged to traditional government-issued currencies to be stored in smart contracts and powers a marketplace that leverages prediction markets to signal risk, as well as insurance markets to protect token investors.