[ANN] [ICO] TaaS: Token-as-a-Service | Closed-End Fund

[X-ray]

It looks promising indeed, 4 co-founders in the project but how can verify they are all legit people? Honesty is the important factor in the project, I hope they are all real people.

It's a real person, you must verifying those people will be appearing on the blockchain conference in florida.
http://www.theblockchainevent.com/east/speakers.aspx

[DISPERADO]

1. Based on what you decided that theme doesn't need translations into other languages?
2. Based on the ICO structure, price and quantity of tokens
(TOTAL SUPPLY:101,000,000 tokens, PRICE PER TOKEN:1 of $), probably you  can  end up without investors at all.

[Wapinter]

VISIT WEBSITE · WHITE PAPER · WATCH VIDEO · FACEBOOK · TWITTER · SLACK

INITIAL COIN OFFERING: MARCH 27TH, 2017 - APRIL 27TH, 2017

Watching for more updates.

[btvGainer]

Kindly reserve Hindi (india) translation spot for me for a quality non Google translated translation. I have translated several ANN threads.

[TaaS]

1. Based on what you decided that theme doesn't need translations into other languages?
2. Based on the ICO structure, price and quantity of tokens
(TOTAL SUPPLY:101,000,000 tokens, PRICE PER TOKEN:1 of $), probably you  can  end up without investors at all.

Hi Disperado, we do need translations to other languages -- please reach out via PM if you can help. If you already did, we will get back shortly.

Concerning your second question, we actually see it as the opposite. TaaS is a closed-end fund meaning there is only one opportunity to invest in it -- and that is during ICO. When ICO is over, TaaS cannot accept any further investments because our model allows us to reward TaaS token owners with 50% of fund profits, executed by an Ethereum smart contract.

We have received a lot of interest in the project already, and decided to set the top limit at $101,000,000 so that there is room for anyone interested to invest. To remind -- DAO project ended up collecting over that mark.

We realize there is a chance we will not get to $101,000,000 mark and some of the tokens will not be sold. In that case, founders or TaaS team will not keep the tokens -- we will destroy them by sending it to a public address no one, including TaaS team, has access to. This is a common practice for blockchain projects.

Let me know if this is clear. We are glad to answer your questions.

[jakehdchoi]

wow, a 100% token distribution?!
Then what's your profit dev? 

[addicto]

What is minimum target for fund raising to consider it as successful campaign. From my point of with current business plan it looking very unrealistic approach for this project.

[TaaS]

wow, a 100% token distribution?!
Then what's your profit dev? 

Hi jakehgchoi,

Yes! We sell 100% of tokens and keep 0% upon ICO completion. Our business model goes like this: TaaS token is a service that allows subscription to fund's profits. We sell 100% because we generate profit not from tokens but from investing across blockchain markets. So it makes no sense to keep tokens internally.

On top of that, it adds transparency to the fund! Because we don't keep tokens, investors feel more secure developers or founders will not "dump" tokens on them in the market.
----------------

Addicto, as an investment fund we do not require a minimum target for the campaign to be successful.

[TaaS]

We can confirm we will be speaking at The Blockchain Event conference in Fort Lauderdale, Florida on February 9th! Come meet us!

More info: http://www.theblockchainevent.com/east/

[NabilaM]

sorry..this any bounty?

[loremipsum]

From what I understand, there will be no bonus for early ICO investors? The bonus will only depend on the number of BTC raised.

Also, you are selling at $1 per token? This implies a total marketcap of $100,000,000. Only 7 coins have such a high marketcap. And it will invitably lead the price to drop rapidly when this starts trading on exchanges. Why do you consider such a high value per token?

[TaaS]

From what I understand, there will be no bonus for early ICO investors? The bonus will only depend on the number of BTC raised.

Also, you are selling at $1 per token? This implies a total marketcap of $100,000,000. Only 7 coins have such a high marketcap. And it will invitably lead the price to drop rapidly when this starts trading on exchanges. Why do you consider such a high value per token?

Hi loremipsum,

Early ICO investors are exactly the first to contribute to the project. We do not think it is fair to limit investors in time, hence broke down the bonuses with regards to amount collected.

Yes, we are selling TaaS token for $1 each. Should all the tokens be sold, it will indeed correspond to $100M market cap. We explained earlier that in the event if not all the tokens are sold, the remaining bit will be burnt.

Actually, independent analysis suggested that TaaS tokens will appreciate in value in the long-run -- and there is no reason to get rid of it when they start trading on exchanges. There are many reasons for it, including quarterly dividends, long-term appreciation of value (due to quarterly 25% profit reinvestment => increasing Net Asset Value of a token), and others.

I welcome you to visit our website http://taas.fund and read the white paper for more thorough and complete explanation. Thank you for an interesting question!

[LyckyFish]

Can you tell me more info about Cryptographic Audit

[Coin_trader]

it looks like a good project but as per observation on some previous projects, your goals are quite impossible to reach, the total coin supply is very large and your suggested price is very expensive for that large amount of coins.

[MoveCrypto]

$101M......u wot mate

[cyrixcer]

We can confirm we will be speaking at The Blockchain Event conference in Fort Lauderdale, Florida on February 9th! Come meet us!

More info: http://www.theblockchainevent.com/east/

Awesome, I reserve the place to join ICO, I am in!!!  My CEO will also join the Florida conference, but I can't disclose who is my boss right now.  

BTW, $1 per token for 100 million total supply seems too expensive.

[TaaS]

This thread is locked, please move to the new thread!

https://bitcointalk.org/index.php?topic=1775766.0