TaaS — Tokenized Closed-End Fund

[Haemophilus]

TaaS project is awesome, is the first closed-end fund in crypto land, we may be the most profitable fund here. Surpass Iconomi and melonport.

Hi . thanks for the interest. yes we are also hopping a big sucess. we are almost at 2000 BTC investment.

The roadmap shows that the Q1 payout will be made in july 2017... is this correct?

The first payout will be 3 months after we begin operations, so approximate date is late July - August.

So operations will begin immediately after the ICO finalices?

[ar9]

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

[menace.bit]

TaaS project is awesome, is the first closed-end fund in crypto land, we may be the most profitable fund here. Surpass Iconomi and melonport.

In what way will it be the most profitable fund? And surpass Iconomi & melonport? Iconomi's having some nice movement.

[TaaS]

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.

[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.

[ar9]

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.

[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?

[ar9]

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?

ICO
FUNDS DISTRIBUTION
Portfolio75 %Operations15 %Reserve Fund10 %

15% to operations.

Is the funds distrubution ONLY if the fund makes a profit?  What if there is no profit for 2 years - operations staff working for no money?  You can't say with certainty that TaaS will be profitable consistently, just like how active fund managers in the fiat world cannot make that promise.

[ar9]

And why are you guys overexaggerating your credentials?  Any particular reason?

Why does a multi-millionaire dollar fund have a junior data analyst, but no actual data analyst?

Why is your Co-founder and advisor on Technology & Analytics unable to answer straight-forward Technical questions?  

If I had a detailed question about your cryptographic audit, who, in your development team would I contact?

Who on your executive team is responsible for strategizing investments and executing trades?  

Why do two of your co-founders not understand the primary selling point of TaaS (the cryptographic audit)?

How will your cold-storage be managed?  Who will have direct access to the funds?  If Dimitri wanted to high-tail it to Panama, could he transfer out all funds and be gone (for example)?

[ar9]

And why are you guys overexaggerating your credentials?  Any particular reason?

Why does a multi-millionaire dollar fund have a junior data analyst, but no actual data analyst?

Why is your Co-founder and advisor on Technology & Analytics unable to answer straight-forward Technical questions? 

If I had a detailed question about your cryptographic audit, who, in your development team would I contact?

Who on your executive team is responsible for strategizing investments and executing trades? 

Why do two of your co-founders not understand the primary selling point of TaaS (the cryptographic audit)?

Happy now ?

A guy with a degree in Film Studies is managing a multi-millionaire dollar fund?  You know - in the traditional market, people RESPONSIBLE for trading often have decades of experience and a proven track-record of success.

Guys, listen, I'm not trying to piss on a parade here, but this has bad news written ALL over it.  I'm just trying to help people.

[ar9]

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.

[ar9]

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.

[ar9]

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.

[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.

[ar9]

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.

[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.

[ar9]

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.

Of course man, to each their own.

[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