Taas Partners With Jibrel Network, a Fully Decentralized Banking Solution
September 27, 2017 – Kyiv, Ukraine – Token-as-a-Service (TaaS), the first-ever tokenized closed-end fund dedicated to blockchain assets, today announced its strategic partnership with Jibrel Network, the first protocol with built-in regulatory compliance that allows anyone to put traditional assets on the blockchain.
Jibrel Network provides a fully decentralized banking solution that allows participants to tokenize and exchange traditional assets and financial instruments like currencies and bonds, enabling instant near-zero-fee global payments, trading, settlement and clearance.
In order to fulfill the company’s global vision, Jibrel is undertaking a Token Sale on November 27, 2017. Proceeds of the sale will enable the company to invest in key strategic activities that include additional currency support and the launch of the jWallet and jCash, an institutional-grade Ethereum wallet and payment network that enable users to seamlessly send, receive and exchange freely between tokenized currencies.
“Jibrel Network aims to bring traditional assets on-chain. We are excited to partner with TaaS, the leading fund driving the growth of a strong community of blockchain investors. Our strategic partnership will play a significant role in accelerating the tokenization of traditional assets and marketing the adoption of on-chain trading,” said Yazan Barghuthi, Project Lead at Jibrel Network.
Jibrel’s pre-sale has commenced at 12.00 GMT on September 25, 2017. It will offer 40 million Jibrel Network Tokens (JNT) at a discounted price of $0.20 per token. The remaining 80 million tokens will be offered at the company’s full network launch on November 27, 2017.
The TaaS — Jibrel partnership includes contribution to Jibrel’s upcoming token pre-sale. The strategic relationship also allows TaaS Co-Founder and President Ruslan Gavrilyuk to join Jibrel Network’s Board of Advisors.
“We are delighted to form this strategic relationship with Jibrel,” said Ruslan Gavrilyuk, President of TaaS. “We encourage their progressive approach to solving the real-world problems of the global banking industry, and we are excited to contribute to the bright future of the Jibrel Decentral Bank.”
TaaS successfully concluded its first fully-operational quarter on August 1, 2017 with 61% ROI. Since then the fund has already contributed to Proof, a blockchain platform created to transform traditional investments, and Etherparty, an easy-to-use smart contracts creator. Jibrel Network becomes the next Token Generation Event (TGE) TaaS has joined in its second quarter.
About Jibrel Network
The Jibrel Network allows anyone to tokenize traditional real-world assets. Jibrel provides users with Crypto Depository Receipts (CryDRs) — the next generation of decentralized ‘smart tokens’ that are embedded with real-world rules and regulations. Investors can tokenize cash and money market instruments into CryDRs and sell them on-chain, benefiting from on-chain/ off-chain arbitrage. Jibrel facilitates institutional grade liquidity to flow into the crypto-economy in the form of cash and money market backed tokens, allowing decentralized autonomous organizations and funds to diversify their crypto-holdings into more stable assets. For more information please visit: https://jibrel.network/
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 token is currently trading on Liqui, LiveCoin, Coss.io, CoinExchange 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.