TaaS First-Quarter Payout Received
A few months ago I wrote about Token-as-a-Service (TaaS)
Owning this token, for me, meant access into 50% of quarterly profits made by the TaaS closed-end fund without worrying about hundreds of passwords and wallets. There are transparency tools in place with its Cryptographic Audit implementation, so I like where the TaaS team is going with this financial product.
TaaS tokens were initially sold in a public offering at an average of $0.93. After 3 months of operation, the token is now selling around $2.30 at time of writing, right after the distribution of the first quarterly payout for all token holders - a Token Profitability (ROI) of 30.5%. All I had to do was park my TaaS tokens in an ERC20-compliant Ethereum wallet. The payout was then received in form of Ethers.
With a growing reserve fund and ongoing mid-to-long term investments, the fund is expected to continue to perform well in the coming quarters. Personally, I'm thinking of getting more of these tokens since I'm speculating on its growing Net Asset Value. It certainly did not perform as well as the best, explosive cryptocurrencies in the same period of time, but TaaS remains one of my favourite because it's simple and innovative. Great use of blockchain technology.
Risks are still there, but it's one of those projects that I invest in both the team and their product. Anyway, the TaaS whitepaper is worth reading, and I think it has some good insights into the cryptocurrency market cycles.
What can Steem do for hedge funds?
As far as I know, the TaaS team is currently using some resources for the fund's constant revenue through mining. Don't have an idea yet, but what could the TaaS fund do by powering up a Steem account? What is a good use case for any funds to leverage on Steem?
Resources
Token-as-a-Service – Quarterly Report
https://medium.com/@Taas/token-as-a-service-quarterly-report-ea2887f79029Fund's cold storage addresses
https://ca.taas.fund/wallets/listFund's exchange operation history
https://ca.taas.fund/exchanges/Fund's balance snapshots
https://ca.taas.fund/wallets/dashboardAvailable markets for TaaS
https://coinmarketcap.com/assets/taas/#marketsThe TaaS whitepaper
http://taas.fund/media/whitepaper.pdf
"It certainly did not perform as well as the best, explosive crypcurrrencies recently, "
Could be a blessing in disguise - a slow, steady rate of growth is rare in the crypto world, and might be the pattern that the real long-term winners follow... All of the explosive ups and downs ultimately aren't so good for business, in my own humble opinion.
Very rare indeed. I find myself unable to let go even though the quarter's payout is over and done with lol.
I agree. I had a few ICO's that, if I had kept the ETH i invested with, would be worth more. But instead of being bummed out about the money I didn't make, I took the time to really do some research and am happy with what TaaS is and what is in store for everyone involved.
I invested at around $2.40 after reading this post, thanks for the tip!
Seems like it's gonna be one of the best HODLs with passive income :) Their performance this month has already exceeded past quarter's i think
That's awesome where did you hear that? I've been keeping an eye on their blog but might have missed something
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Dang! How awesome. I've never heard about this... the ROI is extremely high. I'll have to check it out and maybe invest in some :) Thanks for the share.
Not as high as some other cryptos though. but dividends are pretty sweet.
good to know anyways!
BTW I posted a video with a silent disco party. hehe thought you might be entertained as you love music and dancing :)
Hey Kevin. Do you mind doing me a big favor and upvoting my logo in the comment section for a competition I entered in? I am 3 upvotes from winning. It would help me out so much! And I would really appreciate it. Here is the link https://steemit.com/creativity/@surfermarly/calling-for-graphic-designers-on-steemit-who-wants-to-create-a-logo-for-surfermarly-s-blog-design-contest-rewarded-with-250-sbd
This is very interesting, I have to check it. Thank you for this information :)
Young people are now amazing, working in digital matters ....
Unlike me old man who used to fishing
Good post @ kevinwong
Digital matters = new kind of fish :D
nice thought :)
I saw someone else write about Taas and how they are paying a dividend to the users that invest into Taas. It seems like you have got your payout and after looking through some analytics, it has a pretty good return of investment compared to other things.
If the price does dip a little I may start and accumulate some Taas coin as they have a pretty good vision which I think will thrive rather than crash and burn. It seems like the earlier you get in the better off you are.
Thanks for sharing this @kevinwong
Let's hope Taas is prosperous! :)
To be honest, I'd want to liquidate the token first for other coins before rebuying with profit. But too precious to let go :P
I have received around 2.3 ETH and I own 1611 TaaS! It was a great investment!
Nice! Glad it worked out :D
The ROI is actually a little more than 30%, since eth price increased in the meantime (they priced in 199 usd / eth)
Yeah! It's a good investment into a good project!!
I have a bunch of them and I already received the payout.
I'm getting more TAAS because I really like dividends and the team looks very good.
Please let me know if you come across something similar, or better, one that's better :)
I wish I can find such thing :) But I'm really happy with TAAS so far.
I'm so glad I didn't miss this post, since I think what TaaS is trying to do is a great thing for cryptospace. The crypto market can be quite hard to understand and follow, therefore specialist who make this their day job are very welcome for those who simply do not have the time to understand the market, while they may like to have crypto part of their investment portfolio. It is for a good reason why in the fiat and non-digital asset world so many investment funds are available. I certainly will have a thorough read through their whitepaper, but I'm already thinking to get me some coins.
Yeah, I think if next quarter is successful again, the token could be real valuable. As of now, the price support is pretty good at more than 2x the initial price even after dividends for the quarter has been paid out. Some don't agree that the team takes 25% of quarterly profits though. I'd agree it's quite high, but if they're making good use of it to improve the blockchain space, why not :)
The 25% for themselves: well, they need to be able to pay their bills. If this should be 25% or something else, that is indeed the question. In the end I think this amount shall be flexible, meaning, when the fund value becomes (super) large, the percentage may come down. I suppose, whatever they do with the 25% they take themselves, they also justify for, what they do with it. I like models that includes continuous revenue for those who create, develop and market since when only relying on the coin value itself (assuming the creators kept coins themselves), it may be more a pump thing driven by the whales (and creators). No business can survive without continuous revenue, therefore they have chosen a good model IMHO.
They do all the work. It's fair and was transparent from ICO. I would be more concerned if they only wanted 10%. I would ask myself why would they go through the trouble and risk. Right now Taas is on track to provide another nice dividend. People think of Taas like another crypto but that is wrong. Where it's closed fund it really shouldn't have the volatility of other coins which in most cases have value based on speculation. Of course this is all my opinion haha
How would I earn a passive income from this? Would I need to have the TAAS tokens in an Exodus wallet and set it up to send the ether to the exodus' Ether address?
Not sure if it works for Exodus wallet. As long as you have the private key for the eth address. Don't have to set up anything at all as the reward ethers will be sent automatically. They'll announce snapshot dates before distribution (every quarter). Yeap, just have TAAS in the wallet.
Ether wallet as in MyEtherWallet or Parity? What ether wallet do you recommend?
Yup myetherwallet works fine, just need to backup private key.
So if I hold TaaS in my MyEtherWallet, then they will pay the ether dividend to there?