It's a delight reading the report released by TaaS yesterday showing that it has exceeded the global cryptomarket performance: https://medium.com/taas/taas-outperforms-global-cryptomarket-in-the-third-quarter-showing-significant-364-growth-of-total-340225861dc4

TaaS is the world's first tokenised closed-end fund dedicated to blockchain assets. If you've entered its ICO back in mid 2017 with let's say 1 Bitcoin (~$1300) at $1 / TaaS, you would have acquired a total of $2600 in dividends within 3 quarters. How about the price of one TaaS token? At time of writing it's at ~$5.70 / TaaS, putting it at 5.7x the price of TaaS in mid 2017. So far, a total of 7.7x from day 1 with both dividends and token price included.

Let's say if you were to just hold on to that 1 Bitcoin instead of getting TaaS tokens, it would've grown to ~$8750 at time of writing, which is at 6.7x the price of Bitcoin in mid 2017. In short, you would be underperforming just holding Bitcoin compared to TaaS. This would be especially true if you're not heavily invested.

But of course, it's difficult to compare since TaaS is not as liquid as Bitcoin and riskier because TaaS performance is beholden to the team behind it, until they automate the entire process in the future. Plus, there are time-horizons for each cryptocurrencies that investors would need to adjust according to their portfolio and personal appetite.

In any case, TaaS may not be one of those short-term 1000x unicorns but I believe it's a valuable blockchain asset that's fit for the technology. All you need is to just acquire TaaS, keep them in your private wallet, and ethers will automatically be deposited every quarter. It should be noted that 50% of quarterly profits are reserved for us token holders, 25% for the TaaS team, and 25% will be retained for the active portfolio.

Not going to name all, but these are the TGEs that TaaS had participated in as early contributors:-

• Etherparty
• ICON
• BLOCKv
• Jibrel Network
• EOS
• Hacken
• Bancor Network
• TenX
• Neuromation

Personally, I'd say TaaS is quite a good project to support, especially for individuals that don't have the time and knowledge to deal with cryptocurrency markets. It has certainly provided my portfolio with better exposure to the wild wild west of cryptocurrencies. Not going to be surprised if the team manages to roll TaaS into a three-figure coin in a couple of years, since the fund is still retaining early-bird tokens of other projects. Check out the quarterly report: https://medium.com/@Taas/token-as-a-service-quarterly-report-3c11e89eff01

Pros

• Just hold TaaS tokens in wallet, get dividends in ether quarterly.
• TaaS tokens have market value, following NAV.
• Team behind TaaS are professionals that don't skip on due diligence.
• Transparent team members and company behind project.
• Cryptographic audit (but not fully transparent, yet).
• Stable growth every quarter (so far, as only 3 quarters performance sample available)
• AFAIK, activities included are algorithmic trading and mining as well.

Cons

• Centrally managed. Rounding up of funds "by hand" before distribution via smart contract.
• All processes involved are not entirely automated.
• No insane 1000x growth.. (just joking)
• Price of token usually crashes around payout period.

Note

These results are likely only for early adopters. Anyone buying in now should expect an under-performance, because the token price is already much higher than the initial offering.

Resources

Website: https://taas.fund
About: https://www.taas.fund/about/

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_{Not to be taken as financial advice.}