YGGDRASH Partners — TaaS
※ Starting this week, we will upload the introductions of our amazing partners who trust the bright future of YGGDRASH Project on weekly basis.
Incorporated in Singapore in February of 2017, Token-as-a-Service (TaaS) is a closed-end tokenized investment fund actively contributing to the development of the blockchain ecosystem. Owners of the TAAS token capitalize on the rise of blockchain markets without dealing with the hurdles, risks and technical barriers associated with owning, transferring and trading cryptocurrencies and tokens.
As of August, 2018, TaaS maintains a team of over 30 experienced traders and developers.
Business History
As a result of the first year of operations of Token-as-a-Service, the net asset value was increased by over 23 million USD(T) equivalent, and the total capital gains exceeded 32.5 million USD(T) equivalent, bringing an aggregated 780% annual growth rate.
In accordance with the TAAS token model, 50% share of the capital gains equivalent to 16.3 million USD(T) or 2 USD(T) per token was allocated to the token owners and distributed in the form of Ethereum (a total of 30.6 thousand ETH) in August 2017, November 2017, February 2018 and May 2018 respectively; and 25% of the gains equivalent to 8.1 million USD(T) were retained in the active portfolio.
Business Model
TAAS tokens are built on a profit-sharing Ethereum smart contract, which offers the token owners 50% of the quarterly earnings. 25% of the capital gains are retained in order to increase the capital pool without requiring additional token sales. The premise is that the gradual increase in the net asset value increases the token value over time and the token is therefore explicitly tied to the performance of its parent structure.
Transparency
In order to keep its activities transparent and visible, TaaS maintains an in-house technology known as Cryptographic Audit (CA), which is a set of monitoring tools accessible by any member of the public who currently owns or is considering the purchase of TAAS tokens.
Thank you.
<Team YGGDRASH>
Official YEED Smart Contract Address:
0xca2796f9f61dc7b238aab043971e49c6164df375
