WHAT IS THAT TAAS project ?

Tokenized closed-end fund
dedicated to blockchain markets

 

hello all, how are you today? this time i will tell about project ico altcoin whic will take place on earlier this month, this project"taas" and what is this TAAS project? " TaaS is a tokenized closed-end fund designed to reduce risks and technical barriers of investing in blockchain space. Built on a profit-sharing smart contract, TaaS introduces a revolutionary Token-as-a-Service business model, allowing investors to subscribe to fund’s income stream. TaaS built an innovative Cryptographic Audit technology to become the first, truly transparent fund dedicated to cryptocurrencies and tokens. 

what is the feature this project? TaaS introduces an innovative business model that allows investors to capitalize on the rise of blockchain markets without dealing with hurdles, risks and technical barriers associated with owning, transferring and trading cryptocurrencies and tokens. Open for investment exclusively during Initial Coin Offering, TaaS is a last generation closed-end fund (CEF) that utilizes Ethereum blockchain and Cryptographic Audit technology to offer full transparency to its investors. Unlike traditional closed-end funds that issue a fixed number of shares which are not redeemable from the fund, TaaS issues tokens built on a profit-sharing smart contract.A smart contract allows token owners to collect 50% of quarterly profits. To grow capital pool without attracting additional investment, 25% of profits is reinvested back into the fund. It allows Net Asset Value (NAV) of a token increase over time, making TaaS the first blockchain token to have its value explicitly tied to the performance of a parent project. In its essence, by effectively eliminating entry barriers and allowing investors to safely subscribe to fund’s income flow, TaaS introduces a Token-as-a-Service (TaaS) business model.While smart contract can safely guarantee honest payout distribution, it does not contribute to the problem of transparency of investing in non-Ethereum tokens. We built an in-house Cryptographic Audit (CA) technology to solve just that. CA is a set of monitoring tools that allows any member of the public, regardless of TaaS token ownership, to easily validate trading history and portfolio balances. Among other solutions, it includes Regular Blockchain Snapshots, Proof of Reserves and view-only API keys. Cryptographic Audit is built to set high security standards for money flow in blockchain projects. We see it as a significant milestone for future ICOs on their way of mainstream adoption.Our mission is to deliver long-lasting innovations to blockchain community, hence additionally to running a fund we are building Kepler, a first Bloomberg-like cryptocurrency portfolio management and analytics platform covering the entire spectrum of investment process, starting from market research, due diligence and order management all the way to risk exposure and performance forecasting. Development expenses will be covered entirely by TaaS profits. Kepler MVP is already in the making, with private beta release scheduled for Q3 2017.

there are also system which will be used project TAAS to make any idea from another project altcoin. this will make point this project, being different among is other project"cryptographic audit" Cryptographic Audit is a set of complex monitoring tools that allows any member of the public to easily validate trading history and portfolio balances. CA is built to set high security standards for money flow in blockchain projects. We see it as a significant milestone for future ICOs on their way of mainstream adoption.

and Here is how we’re going to achieve transparency goals:

proof of reserves; We will give preference to using exchanges that have Proof of Solvency (PoS) implemented; cold storage reserves can be audited, as in Poloniex and Kraken.

 AUDITABLE EXCANGE ACCOUNTS: For each account that is going to be used for trading on the exchanges we will create a view-only API key that will allow anyone to verify the balance and trade history of the account. We believe that this does not increase security risk, as it is already known that exchanges are managing large volumes of cryptocurrency and we have an account with every major exchange. TaaS will be hosting an audit page with full list of API keys and aggregate account information, automatically pulled from the exchanges by our service. It looks similar to Tether implementation. Proof of Reserves for Non-Exchange Accounts:
For all non-exchange accounts, such as cold storage addresses, that will be used for storage of our funds we will provide a proof of ownership: transaction with special marker in OP_RETURN (or similar feature, depending on a blockchain protocol) will be sent from each account in order to verify that the account in question belongs to TaaS. 

Proof of Reserves for Fiat Accounts:
will use TLSNotary or similar solution to provide a cryptographic proof of fiat currency reserves in our bank and exchange accounts. In short, this can be achieved by recording SSL signatures of online banking sessions. 

Regular Blockchain Snapshots:
To have the proof that nobody mismanaged data between the audits, a special smart contract will be developed to hold the daily snapshots of audit data forever. The contract will be supplied with a convenient contract explorer.

 

                                             TAAS

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