April 2, 2018 — Singapore — Token-as-a-Service (TaaS), the first-ever tokenized closed-end fund dedicated to blockchain assets, announces their contribution to YGGDRASH, trust-based multi-dimensional blockchains. The contribution came just before YGGDRASH successfully concluded its Token Sale.
The purpose of the YGGDRASH project is to connect all blockchains using a trust-based multi-dimensional blockchain, built to redesign all services on the internet into a blockchain platform. YGGDRASH’ main-net is called STEM, a trust-based blockchain ecosystem where each branch is governed by reputation to ensure integrity.
YGGDRASH is designed to provide economic incentives to all participants in the blockchain ecosystem. It aims to create a transparent, fair, and reasonable blockchain ecosystem for all network participants, rather than create a monopoly environment through someone with wealth and power.
David Seo, CEO of YGGDRASH, commented “Our team was impressed with passion and dedication of TaaS on YGGDRASH project. We look forward to collaborating in enhancing our presence in EU region.”
YGGDRASH concluded the Token sale of its YEED tokens on March 13, 2018. It successfully raised 20,407 ETH. Previously, YGGDRASH held a private sale for the institutional investors. TaaS joined the private sale with the contribution of 700 ETH.
Ruslan Gavriluyk, co-founder and President of TaaS, said, “YGGDRASH proposes the practical and achievable ways to overcome important challenges of the blockchains. Use-cases of its ecosystem offer great promise of cross-blockchains integration, which is certainly worth support of TaaS.”
TaaS’ contribution to YGGDRASH is the third one in its fourth fully-operational quarter. Previously, TaaS contributed 115.48 ETH to Iconiq Lab, a global initial coin offering (ICO) and token-sale accelerator program, and 300 ETH to MorpheusLabs, a blockchain -platform-as-a-service startup.
TaaS is committed to the transparent asset management and has recently launched its next-generation Cryptographic Audit. This is a set of monitoring tools that allows any member of the public, regardless of TaaS token ownership, to easily validate portfolio balances. It can be viewed live at: https://taas.fund/audit/.
