TaaS — Tokenized Closed-End Fund

[miningguru]

Shouldn't they have released the last quarter results already?

There are in the Medium last quarterly report and service termination roadmap : https://medium.com/taas/token-as-a-service-quarterly-report-faa2d4ed94d0

Two things are not clear to me:

-why there are so many quarterly distribution on the roadmap? I thought this eas the last one
-will we actually have to wait until 2022 to receive the liquidation?

No, You likely are going to receive your share in few days/weeks depending on when you were authorized, 2022 is when distribution will stop/end.

Agree, one thing I am confusing about the TaaS is whether we have to move the funds to their smart contract. Instead of sending coins to their wallet it is good to hold in our wallets or not? To get the dividends.

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[joosep]

Agree, one thing I am confusing about the TaaS is whether we have to move the funds to their smart contract. Instead of sending coins to their wallet it is good to hold in our wallets or not? To get the dividends.

Taas is terminating their fund and dividends are going to end.

Service Termination process has started at May 1, 2019.

Authorized Users are now able to claim TaaS Assets, and receive a distribution per the result of the final TaaS Quarter (February 1 - April 30, 2019).

To proceed, please

a) Read and understand the Winding-up Procedure FAQ;

b) Follow the Authorization procedure after registering on taas.fund website;

c) Wait for an email confirmation from TaaS with further instructions;

d) Submit your claim for redemption proceeds by sending your TAAS tokens to the redemption smart contract

[AlteregoX]

How many of you still haven't decided between sending the tokens to TAAS or selling?

[voteformeg]

i recieved an email to log-in in my Taas account , was a pleasure to see that i still hold some of them

[cabron]

How many of you still haven't decided between sending the tokens to TAAS or selling?

Me. I haven't got into my files yet where I store my passwords to the wallet so I haven't send some of my TAAS. Price is rising and I don't know if I should just sent it to the new contract, are we able to send them to the exchanges incase I decide to sell?  Its not worth holding few of it too.

[Sy]

So here's the final payout structure for the TaaS https://medium.com/taas/token-as-a-service-quarterly-report-faa2d4ed94d0. ( Go all the way down to see it)

If you ask me payout .005ETh/TaaS is much much better than the value we were getting a couple months back.

[Btc_1856]

Agree, one thing I am confusing about the TaaS is whether we have to move the funds to their smart contract. Instead of sending coins to their wallet it is good to hold in our wallets or not? To get the dividends.

Taas is terminating their fund and dividends are going to end.

Service Termination process has started at May 1, 2019.

Authorized Users are now able to claim TaaS Assets, and receive a distribution per the result of the final TaaS Quarter (February 1 - April 30, 2019).

To proceed, please

a) Read and understand the Winding-up Procedure FAQ;

b) Follow the Authorization procedure after registering on taas.fund website;

c) Wait for an email confirmation from TaaS with further instructions;

d) Submit your claim for redemption proceeds by sending your TAAS tokens to the redemption smart contract

Very good to know the information about their termination but one thing i want clear whether they are sending the Authorization message to the people who have already waitlisted because there are many people complaining about that they are not receiving any email from them.

[scolary23]

I see that there is some uncomfortable confusion. And this allows me to think that selling TaaS on an exchanger was not a bad idea.
Maybe they stabilize it, and then everyone will be happy. It is still interesting to watch this, although I have already dropped everything into the exchanger.

[AlteregoX]

I see that there is some uncomfortable confusion. And this allows me to think that selling TaaS on an exchanger was not a bad idea.
Maybe they stabilize it, and then everyone will be happy. It is still interesting to watch this, although I have already dropped everything into the exchanger.

You will know if it was a good idea only after the distribution

[joosep]

I see that there is some uncomfortable confusion. And this allows me to think that selling TaaS on an exchanger was not a bad idea.
Maybe they stabilize it, and then everyone will be happy. It is still interesting to watch this, although I have already dropped everything into the exchanger.

Very familiar to me, after I sell something I will still watch the perfomance of this asset, kind of feedback, were I right

[Sy]

I see that there is some uncomfortable confusion. And this allows me to think that selling TaaS on an exchanger was not a bad idea.
Maybe they stabilize it, and then everyone will be happy. It is still interesting to watch this, although I have already dropped everything into the exchanger.

But according to the blog post they released they are giving out .005 ETH per TaaS isn't it higher than what you sold on the exchange for?

[quality.crypto]

I see that there is some uncomfortable confusion. And this allows me to think that selling TaaS on an exchanger was not a bad idea.
Maybe they stabilize it, and then everyone will be happy. It is still interesting to watch this, although I have already dropped everything into the exchanger.

But according to the blog post they released they are giving out .005 ETH per TaaS isn't it higher than what you sold on the exchange for?

For each TaaS coin, people who send their tokens to their smart contract they are paying around 0.005 ETH right but one thing i want to clear people who are holding the coin are they going to provide any dividends for those coins?

[AlteregoX]

I see that there is some uncomfortable confusion. And this allows me to think that selling TaaS on an exchanger was not a bad idea.
Maybe they stabilize it, and then everyone will be happy. It is still interesting to watch this, although I have already dropped everything into the exchanger.

But according to the blog post they released they are giving out .005 ETH per TaaS isn't it higher than what you sold on the exchange for?

For each TaaS coin, people who send their tokens to their smart contract they are paying around 0.005 ETH right but one thing i want to clear people who are holding the coin are they going to provide any dividends for those coins?

Where did you get those data? link?

If that is true, a TAAS token is currently valued at 0.005 already, so it's just easier to sell

[Sy]

I see that there is some uncomfortable confusion. And this allows me to think that selling TaaS on an exchanger was not a bad idea.
Maybe they stabilize it, and then everyone will be happy. It is still interesting to watch this, although I have already dropped everything into the exchanger.

But according to the blog post they released they are giving out .005 ETH per TaaS isn't it higher than what you sold on the exchange for?

For each TaaS coin, people who send their tokens to their smart contract they are paying around 0.005 ETH right but one thing i want to clear people who are holding the coin are they going to provide any dividends for those coins?

Why would they provide any dividends if the project is closing shop? Isn't the tokens will become useless once the process of paying back investors completes?

[scolary23]

I see that there is some uncomfortable confusion. And this allows me to think that selling TaaS on an exchanger was not a bad idea.
Maybe they stabilize it, and then everyone will be happy. It is still interesting to watch this, although I have already dropped everything into the exchanger.

But according to the blog post they released they are giving out .005 ETH per TaaS isn't it higher than what you sold on the exchange for?

If it is really .005 ETH, taking into account the current rate for the ETH, then I sold it cheaper. But let's see what will happen in reality, and what people will actually get.

[joosep]

Why would they provide any dividends if the project is closing shop? Isn't the tokens will become useless once the process of paying back investors completes?

Seems that regarding to tokens they will be compeletly useless after Dec 31, 2020, when Taas tokens are no longer accepted.

[Sy]

I see that there is some uncomfortable confusion. And this allows me to think that selling TaaS on an exchanger was not a bad idea.
Maybe they stabilize it, and then everyone will be happy. It is still interesting to watch this, although I have already dropped everything into the exchanger.

But according to the blog post they released they are giving out .005 ETH per TaaS isn't it higher than what you sold on the exchange for?

If it is really .005 ETH, taking into account the current rate for the ETH, then I sold it cheaper. But let's see what will happen in reality, and what people will actually get.

Yes, you can check the value in the latest quarterly report they released and that's just for ETH there were some other coins/tokens too.

[joosep]

Illiquid tokens and ether are coming from Taas, I am feeling quite sad but on the other hand this was good investment and learning experience -- even due diligence behalf a team is often not good enough to forecast the future. Thanks Taas anyway!

[mr.relax]

My lesson is: Dont expect a team of "experts" to trade better than yourself.
And distrust any ICO or IEO, especially if it does not provide an own blockchain.
If I want to invest in a company in future, then only traditionally, with shares and rights.

[enhu]

If it is really .005 ETH, taking into account the current rate for the ETH, then I sold it cheaper. But let's see what will happen in reality, and what people will actually get.

I'm afraid so. Bastards are tricky. Come to think of it, if they're closing shop, they could just buy back the token for the cheapest price possible maybe even price, ICO price before closing. Why have they raise it this time?

I think the token hasn't still get to its ATH so are we able to still buy from exchanges up to 2020?
Its however more trickier since the token is only listed on 3 exchanges where price looks very different from each other.