TaaS invests 500 ETH in DAO.Casino, a Blockchain Protocol for Gambling
Kyiv, Ukraine – June 29, 2017 – Token-as-a-Service(TaaS), the first-ever tokenized close-end fund dedicated to blockchain assets, announces today its fifth investment is in DAO.Casino, a blockchain protocol for gambling. The investment amount allocated by TaaS is 500 ETH, which is equivalent to $150,000 at the time of the transaction.
DAO.Casino has announced its token sale to begin today, June 29th, 2017 at 1:00 pm GMT with a cap limit in the amount of $25 million. The ticker symbol for DAO.Casino tokens is BET. Initial token distribution will be 70% for purchase, 10% legal entity, 10% bounty and the last 10% for early adopters and founders.
“Imagine an online gambling ecosystem that is decentralized, meaning that it cuts out the typical middleman between a game-maker or betting operator and the player or bettor…it can solve common headaches of online gambling that afflict both game developers and game players, such as: fraud risk; hidden fees; high cost of entry for game developers; operational overhead; player access to funds; player withdrawal delays; and general lack of trust.”
As part of its investment thesis, TaaS invests in crypto ventures offering efficiency, economy, integrity and ease of use. More info on the DAO.Casino token sale, team and how it will revolutionize gambling can be found on its site and its Medium channel.
DAO.Casino is the fifth investment TaaS made since the fund was raised on April 27th. TaaS has made total investments of 422 BTC and 2000 ETH, including 352 BTC to Bancor, the most talked-about project of this year. As of today, TaaS holds the following tokens in its portfolio: 122,400 MYST (Mysterium Network), 293,375 BNT (Bancor Network), 1,059,210 XID (Sphre Air), 420,000 PAY (TenX) and 1,200,000 BET (DAO.Casino). Its own TaaS token (TAAS) is currently trading on Liqui, LiveCoin, and HitBTC exchanges for the price of $2.53 with a Market Capitalization of $20.6 million. TaaS will distribute profit sharing at the beginning of August after the end of its first full quarter since the fund started making investments.
TaaS’ strong team of experienced traders and analysts is focused on active trading on various exchanges, as well as on researching the most promising Token Allocation Events for long-term investments. Combination of mid-term trading activity and long-term investments is the TaaS strategy to diversify fund’s portfolio in the best way.