TaaS — Tokenized Closed-End Fund

[CrackDown]

Is this project run already ? Is it more safe then shapeshift or may i know how this taas works, i know about taas from my Facebook wall.

[loremipsum]

What is TaaS' position on keeping any coins held on exchanges?

Negative. Exchanges get hacked and DDoSed often. The compromise is to keep them on the cold storage.

So essentially, this is a fund for crypto-stocks and the MER is 15%?  That's my understanding.  That is exceptionally high.

Why is the management expense ratio (MER) equal to 15%? How did you calculate that?

[Haemophilus]

We will see about that after first payout this year.

I'm sure their first payout will be good and enticing - I am more concerned about the long-term viability of this fund.

Take into account remaining tokens will be burned, so there might be as little as 4-8 000 000 TaaS making tem very scarce. Even if they earn nothing, they will trade extremely well.

Perhaps.  I'm not saying that early investors won't take a profit.  I'm just saying that I am highly skeptical of their entire scheme.  Starting with Dimitri.  His shiftiness in interviews, ignorance, and refusal to talk specifics, concerns me greatly.

Don't be that guy we need to give them some credit, so far we have a webpage that accepts payments and it works, displays some shit, gives you tokens and so on.

This alone means they can do at least one thing correctly.

That... is a terrible way to measure the legitimacy and viability of a prospective startup.
Terrible.

And the little background you know about this guys is enough to discredit the project? Vitalik Buterin dropped university and wrote articles for 3 usd each before the creation of ethereum, I'm not saying that you are wrong and I dont want to be disrepectful, but we should wait before making assumptions.

[Haemophilus]

We will see about that after first payout this year.

I'm sure their first payout will be good and enticing - I am more concerned about the long-term viability of this fund.

Take into account remaining tokens will be burned, so there might be as little as 4-8 000 000 TaaS making tem very scarce. Even if they earn nothing, they will trade extremely well.

Perhaps.  I'm not saying that early investors won't take a profit.  I'm just saying that I am highly skeptical of their entire scheme.  Starting with Dimitri.  His shiftiness in interviews, ignorance, and refusal to talk specifics, concerns me greatly.

Don't be that guy we need to give them some credit, so far we have a webpage that accepts payments and it works, displays some shit, gives you tokens and so on.

This alone means they can do at least one thing correctly.

That... is a terrible way to measure the legitimacy and viability of a prospective startup.
Terrible.

And the little background you know about this guys is enough to discredit the project? Vitalik Buterin dropped university and wrote articles for 3 usd each before the creation of ethereum, I'm not saying that you are wrong and I dont want to be disrepectful, but we should wait before making assumptions.

The wait, and let's see methodology is fair, but I don't think that logic applies when it is applied to a startup valuated at over $2 million dollars.  I don't wait and see if my $10,000 investment is a scam or not.  I do research.

If I thought this project was legitimate, I would absolutely be all over it and a happy investor.  Do your own research if you feel that I am not being fair and reasonable.  I will happily retract any and all of my statements if someone can correct me.

I agree, you should not invest if you are not comfortable doing it, and I understand that you are being vocal about the things that worry you because you expect and explanation from the developers and want to help people, you are doing what any reasonable investor and good human being would do and I thank you for that. I find the team and advisors trustworthy and I think that the project will get me some profits, so I decided to invest.

[biodieselchris]

why are americans specifically excluded from the ICO?

[Haemophilus]

why are americans specifically excluded from the ICO?

I asked that to Dimitri Chupryna in the telegram group and this is his answer verbatim:

"We are incorporated in Singapore and  follow the regulations and laws of Singapore. ICO activity might fall under other regulations in USA as well as many cryptocurrency activities are not defined.
so combination of facts excludes current possibility for USA citizens to participate in Initial coin offering to avoid possible legal incongruities. It is TaaS management decision that is based on our Legal team recommendations."

[jamalaezaz]

Remind you, that Tokens sales are available through LiveCoin exchange for TaaS/USD and TaaS/BTC pairs.
Invest now at http://livecoin.net

[stormia]

why are americans specifically excluded from the ICO?

I asked that to Dimitri Chupryna in the telegram group and this is his answer verbatim:

"We are incorporated in Singapore and  follow the regulations and laws of Singapore. ICO activity might fall under other regulations in USA as well as many cryptocurrency activities are not defined.
so combination of facts excludes current possibility for USA citizens to participate in Initial coin offering to avoid possible legal incongruities. It is TaaS management decision that is based on our Legal team recommendations."

So TaaS is not KYC and AML certified I'm guessing?

[stormia]

Interested, but after watching the Youtube clip of the guy on Coin Interview... I am quite concerned about this.  Doesn't appear knowledgable, but worse than that, he seems quite shifty.  Can't answer basic questions about his service which is now, I suppose technically, valuated at about $2Mil.  Something's wrong here.

EDIT:  Seriously - check out this interview and then tell me that you're comfortable sending any money or crypto to this guy.  He's a co-founder.
https://www.youtube.com/watch?v=5cSK1d-7Irc

EDIT 2: I am getting a bad vibe from these guys, all around.  Good luck investors.  I am out.

EDIT 3: In that interview, I noticed that Dimitri Chupryna really struggled answering any technical questions.  I'll point out that his title, according to the Whitepaper, and the fund's website is as follows: Co-founder, Technology & Analytics.  

It doesn't seem like Evan is convinced at all in that interview, he seems extremely skeptical. Not to mention he has to correct Dimitri multiple times during the interview, correct him on things you would hope he is an expert on considering his position in TaaS and the supposed expertise you would hope would go along with such a position. Evan appears to know more than he does... Dimitri didn't even know what a fiduciary was and people are okay with trusting him with millions? Lol.

Also a lot of "maybe's", "I think so's", "should be's", "in the future's", etc coming from Dimitri.

And yeah, his body language is shifty as fuck.

Yeah, this just reeks.  I hope nobody gets screwed out of their hard-earned funds.  I've been involved in enough Security-scams to be have a pretty good spidey-sense and it is definitely going off here.

I don't really think you can nail him with that performance, some people are very nervous on camera especially if you are doing it for the first time

He doesn't look nervous per se but okay fair, that still wouldn't explain why he doesn't answer the questions correctly/doesn't know certain things he should know. Evan is clearly not impressed with his answers or knowledge of the subjects in that interview. One would hope it would come off as Evan interviewing somebody with an expertise in what they are doing or at least somebody more knowledgeable than himself but it comes off as the opposite. Isn't Dimitri supposed to be their lead/expert of technology and analytics?

And I really wish somebody would respond to my post about what seem to be inconsistencies in their proclaimed experience on their website and what they actually have done according to their work history on their linkedins. I just feel like these guys are trying to sell themselves a little more than they can reasonably attest to, which I guess makes sense considering they are trying to raise 101 million USD which would be the largest ICO in history.

Call me crazy but if you want to hold the largest ICO in history I feel like there should be some pretty damn good/distinguished/recognized experts leading the project or something that can justify that level of trust and confidence from investors.

Hi dear.
it is really nice to see that you've researched about TaaS very deeply and pointed out those points and weakness above.. I am really not able to answer them because I don't belong to technical department. but I've sent your questions to all founders and asked them to must answer them because these questions are really important and must be answered. I hope someone from core team will come online and give you a detailed answer. and you can join telegram and talk to them live and ask any question you have in mind.

thank you so much for your time.

Thanks I look forward to a response from the team.

[housebtc]

I think the exclusion of US investors is really telling on the performance of this project or maybe I'm just wrong that investors are waiting for last hour rush.

[okinawa]

I am very excited for this project


i think it can be something very big

[xcajun21]

These Taas tonkens are on sale in Livecoin already.

Will these tokens be traded exclusively on live coin after ico, perhaps?
Also what is your guys thought on other competitive trends on the market? no doubt each coin is unique,  but have small similarities. I am currently invested with interest and this month hopefully I'll drop capital as well.

For Facebook campaign, what in details those who join do actually?

[jacaf01]

Remind you, that Tokens sales are available through LiveCoin exchange for TaaS/USD and TaaS/BTC pairs.
Invest now at http://livecoin.net

I think the team should look towards Asian exchanges, since the team is registered in Singapore I don't think that should be a difficult thing to achieve. Asia market is very important for ICO success

[ghatts]

If you guys are so worried about the US citizen not investing thing, just buy IOU's through livecoin for the same bonus price.

The only "non american" part is investing from the site. Livecoin is an option for US citizens.

[okinawa]

Hello guys


I am a native french speaker and I want you guys to know that the person who did the french translation bounty use google translation to do it, you guys need to blacklisted him from the bounty. I can do the french translation for you

[qiwoman2]

Remind you, that Tokens sales are available through LiveCoin exchange for TaaS/USD and TaaS/BTC pairs.
Invest now at http://livecoin.net

I think the team should look towards Asian exchanges, since the team is registered in Singapore I don't think that should be a difficult thing to achieve. Asia market is very important for ICO success

I will open an account on livecoin and grab a few tokens from there to back up my coin asset fund as well. I am sure TAAS team are probably looking at Asian exchanges as we speak. It's great to see how things are developing nicely now. 

[TaaS]

Just raised 2000 BTC! Thank you for support.

[loremipsum]

Just raised 2000 BTC! Thank you for support.

That's really good news! So now the current bonus is 20%. Next target is 3000 BTC!

[Ano]

Just raised 2000 BTC! Thank you for support.

This is good news more than $2m already raise and still going wonderful this ico will be huge in future.

[subG]

Just raised 2000 BTC! Thank you for support.

Congratulations on the success of the TaaS project so far.  2000 BTC is not an easy amount to achieve in the first week of the ICO.