TaaS Third-Quarter Payout Instruction

TaaS
TaaS
Jan 22, 2018 · 4 min read

Dear TaaS Community,

Built on a profit-sharing model, TaaS Fund provides its token-holders with 50% of the quarterly capital gains. The first fully-operational quarter payouts of 0.28 USD(T) per 1 TaaS token were distributed on August 7th, and the second fully-operational quarter payouts of 0.33 USD(T) per 1 TaaS token were distributed on November 4th, 2017. We are now approaching the date of TaaS Fund’s third fully-operational quarter payouts.

In order to ensure correct payouts, we provide you with this detailed guideline. Failure to comply with these instructions may result in a loss of your payouts so please pay close attention.

The exact date of transaction will not be announced for security reasons. Payouts will be distributed between the February 1 and 10, 2018.

Please be prepared for the date of the snapshot, and move your tokens to relevant storage. The deadline is February 1st excluding. Notice that you should not move your tokens elsewhere after January 31st (23:59 GMT) and until your payout is received.

In order to receive your payouts, we strictly recommend storing your TaaS tokens in the relevant wallets listed below:

  • TaaS wallet;
  • Open-source & client-side Ether wallet — MyEtherWallet;
  • Hardware wallets — Trezor and Ledger;
  • Ethereum desktop wallet — Mist or Parity.

TaaS wallet

Received payout (the amount of ETH) will appear next to the amount of TAAS shown in a header of the wallet website. Payout transaction will not be displayed in “Transaction History”, but you can easily validate its processing using Etherscan. Then you may store received ETH or send it to another wallet.

MyEtherWallet / Ethereum desktop wallets / Hardware wallets

If your TaaS tokens are stored in MyEtherWallet (MEW) (including wallets integrated with MEW), desktop wallets (Mist, Parity or others) or hardware wallets (Trezor and Ledger), you will receive an incoming ETH transaction from the payout address. Then you may store received ETH or send it to another wallet or exchange.

Exchanges

TaaS balances on the exchanges will not receive payouts. Payouts will not be sent to ANY exchange wallets. If your TaaS tokens are stored on any exchange, we highly recommend moving your TaaS tokens to your TaaS wallet, MEW or other preferable wallets.

All updates and announcements are posted and shared through all TaaS official media channels and newsletters. Please ensure you are subscribed to TaaS newsletter in order not to miss anything. Use this form to subscribe.

– What is the payout?
TaaS token-holders receive 50% of TaaS capital gains quarterly, referred to as “payout”.

– What currency will payout be sent in?
The payout will be sent in ETH.

– What is the expected payout per 1 TaaS token?
The amount of payout will be announced together with TaaS Quarterly Report.

– What if I won’t move my tokens out of exchange?
Token-holders keeping their tokens on exchanges after the deadline will not receive their payouts, with no possibility to claim for it. No requests/tickets for payouts being sent to exchanges will be processed by our support team.

– What will happen with the payouts sent to exchanges?
If any wallet is an exchange wallet, the exchange will receive the payout without sending it to the end user.

– I’m not sure if I received my payout. Where can I find it?
You may easily validate any transaction through Etherscan using your address.

– Who do I contact if I have any questions?
Please contact our support team using the chatbox at the bottom right corner of the TaaS Wallet website.

Thank you for being with TaaS!


Disclaimers

TaaS Fund is not acting and cannot act as an advisor, including to any financial, legal, investment, insurance, procedural and/or tax matters. Any information provided by TaaS Fund is for general information only. You are solely responsible for failure to perform any needed from you actions and determine whether any contemplated action is appropriate for you.

The information presented on or through the TaaS Fund is available solely for general information purposes. Any reliance you place on such information is therefore strictly at your own risk. We disclaim all liability and responsibility arising from any non-compliance placed on such materials by you, any other visitor to the TaaS Fund, or by anyone who may be informed of any of its contents.

TaaS

Token-as-a-Service (TaaS) is the first-ever tokenized closed-end fund dedicated to cryptoassets.

TaaS

Written by

TaaS

Token-as-a-Service (TaaS) is the first-ever tokenized closed-end fund dedicated to blockchain assets.

TaaS

TaaS

Token-as-a-Service (TaaS) is the first-ever tokenized closed-end fund dedicated to cryptoassets.

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