All posts by TaaS

TaaS Joins BLOCKv, the World’s First User Interface for Blockchain Tokens

October 10, 2017 – Kyiv, Ukraine – Token-as-a-Service (TaaS), the first-ever tokenized closed-end fund dedicated to blockchain assets, announced to become new prestigious contributor of BLOCKv, creators of the world’s first “user interface” layer for blockchain- based tokens. The contributions come just before BLOCKv’s Token Generation Event (TGE) on October 12, when BLOCKv will release a network token, ‘VEE,’ with a target of $40 million in participations.

“The recent participation from TaaS and Blockchain Capital is a testament to the future vision of our company and technology platform, which we believe will accelerate the consumerization and commercialization of blockchain technology,” said Reeve Collins, CEO at BLOCKv. “TaaS and Blockchain Capital are extraordinarily well-connected within the blockchain community, and their support will unlock doors to future potential partnerships.”

BLOCKv has created a blockchain-based development platform that enables the creation of smart, secure and dynamic virtual objects called vAtoms. The platform promises to usher in the next generation digital goods economy through the creation of a user interface layer that mitigates the complexity of blockchain development to unlock exponential growth. As sharable digital goods become more ingrained in the lives of consumers, BLOCKv technology provides an unprecedented opportunity for brands, marketers and developers to engage with and build stronger relationships with consumers.

Ruslan Gavrilyuk, president of TaaS, said,“We were very impressed with BLOCKv’s platform and concept around the vAtom, these smart, dynamic digital objects on blockchains, and see great potential in the numerous consumer and business applications that could be built on the platform. We believe that BLOCKv has created something revolutionary and we are excited to be involved with the company at this critical stage of its development.”


Ruslan Gavrilyk, President and Co-Founder of TaaS, and Mike Costache, Co-Chair of d10e Conference, awarding BLOCKv represented by Reeve Collins with 33 BTC at the d10e Blockchain Pitch Competition.

The company recently received the highest grade at the blockchain pitch competition at the 9th edition of the d10e Conference, the leading conference on decentralization exploring the future of FinTech, Token Sales, Blockchain, Sharing Economy, Future of Work and Disruptive Cultures. The grade was based on numerous factors including such elements as its business model, team, token structure, business materials, milestones and roadmap.

About BLOCKv

Headquartered in Zug, Switzerland, BLOCKv provides a development platform and community for the creation and distribution of dynamic, intelligent, experiential digital objects called vAtoms that bridge the gap between digital and physical worlds. Built on secure blockchain technologies, BLOCKv’s ‘smart’ digital objects work on any digital platform, are obtainable anywhere, store actual transactional value and are immune to fraud. When combined with the power and name-recognition of major brands, vAtoms have the power to transform the landscape of physical, digital and social advertising, micro-transacting, ticketing, gifting, coupons, promotions, and more.

TaaS becomes first post-ICO blockchain project to provide full transparency and 61% ROI to for the…

TaaS becomes first post-ICO blockchain project to provide full transparency and 61% ROI to for the past quarter.

Kyiv, Ukraine – August 8, 2017 – Token-as-a-Service (TaaS), the first-ever tokenized closed-end fund dedicated to blockchain assets, announced today a historical moment in the evolution of the new financial instrument called Initial Coin Offering (ICO). TaaS provides payout distribution to over 4,000 token holders.

After TaaS has started its trading and contribution activities on April 27th, 2017, the Funs concluded its first quarter with earnings of 4,623,111.61 USD(T). According to TaaS token model, token owners receive 50% of the quarterly earnings.

First TaaS token owners’ payouts amount to 0.28USD(T) per 1 TAAS. Payouts were distributed yesterday, on August 7, 2017, in the form of ETH. Previously the Fund announced fixed exchange rate of 199.055 USD(T)/ETH for payouts distribution.

TaaS token sale event concluded on April 27th, 2017 and attracted 3,942 participants who contributed $7,569,371.61,valued in USD(T) on April 27th. As a result of the sale 8,146,000.78 tokens were distributed, while the rest of the initially created 101 million tokens were burnt. The price of the tokens (including bonuses) during the sale ranged from 0.8 to 1.0 USD(T)/TAAS.

As of August 8th, 2017, the token price exceeded 2.60 USD(T)/TAAS, providing on average a 150% ROI to the Token Sale participants from just over three months ago. The total circulating supply of TAAS tokens gives it today a market capitalization of a little over USD(T) 20 million. The tokens are currently trading on the following exchanges: Liqui, Livecoin, HitBTC, CoinExchange and COSS.io.

Since May of 2017, TaaS participated in eleven TGEs with the total amount contributed equivalent to 3 million USD(T): Mysterium Network (500 ETH), Bancor Network (352 BTC), Sphre Air (70 BTC), TenX (1001 ETH), dao.casino (500 ETH), Digital Developers Fund (300 ETH), SALT (215 BTC), Coindash (500 ETH), InvestFeed (500 ETH), SingularityNet (2225 ETH) and Stox (500 ETH). Each selected project underwent the Fund’s internal evaluation procedures, including rigorous due diligence on the financial, technical and legal situation of each project.

TaaS becomes first post-ICO blockchain project to provide full transparency and 61% ROI to for the…

TaaS becomes first post-ICO blockchain project to provide full transparency and 61% ROI to for the past quarter.

Kyiv, Ukraine – August 8, 2017 – Token-as-a-Service (TaaS), the first-ever tokenized closed-end fund dedicated to blockchain assets, announced today a historical moment in the evolution of the new financial instrument called Initial Coin Offering (ICO). TaaS provides payout distribution to over 4,000 token holders.

After TaaS has started its trading and contribution activities on April 27th, 2017, the Funs concluded its first quarter with earnings of 4,623,111.61 USD(T). According to TaaS token model, token owners receive 50% of the quarterly earnings.

First TaaS token owners’ payouts amount to 0.28USD(T) per 1 TAAS. Payouts were distributed yesterday, on August 7, 2017, in the form of ETH. Previously the Fund announced fixed exchange rate of 199.055 USD(T)/ETH for payouts distribution.

TaaS token sale event concluded on April 27th, 2017 and attracted 3,942 participants who contributed $7,569,371.61,valued in USD(T) on April 27th. As a result of the sale 8,146,000.78 tokens were distributed, while the rest of the initially created 101 million tokens were burnt. The price of the tokens (including bonuses) during the sale ranged from 0.8 to 1.0 USD(T)/TAAS.

As of August 8th, 2017, the token price exceeded 2.60 USD(T)/TAAS, providing on average a 150% ROI to the Token Sale participants from just over three months ago. The total circulating supply of TAAS tokens gives it today a market capitalization of a little over USD(T) 20 million. The tokens are currently trading on the following exchanges: Liqui, Livecoin, HitBTC, CoinExchange and COSS.io.

Since May of 2017, TaaS participated in eleven TGEs with the total amount contributed equivalent to 3 million USD(T): Mysterium Network (500 ETH), Bancor Network (352 BTC), Sphre Air (70 BTC), TenX (1001 ETH), dao.casino (500 ETH), Digital Developers Fund (300 ETH), SALT (215 BTC), Coindash (500 ETH), InvestFeed (500 ETH), SingularityNet (2225 ETH) and Stox (500 ETH). Each selected project underwent the Fund’s internal evaluation procedures, including rigorous due diligence on the financial, technical and legal situation of each project.

TaaS invests 500 ETH in DAO.Casino, a Blockchain Protocol for Gambling

Kyiv, Ukraine – June 29, 2017 – Token-as-a-Service(TaaS), the first-ever tokenized close-end fund dedicated to blockchain assets, announces today its fifth investment is in DAO.Casino, a blockchain protocol for gambling. The investment amount allocated by TaaS is 500 ETH, which is equivalent to $150,000 at the time of the transaction.

DAO.Casino has announced its token sale to begin today, June 29th, 2017 at 1:00 pm GMT with a cap limit in the amount of $25 million. The ticker symbol for DAO.Casino tokens is BET. Initial token distribution will be 70% for purchase, 10% legal entity, 10% bounty and the last 10% for early adopters and founders.

DAO.Casino is making headlines in various major publications such as the Huffington Post, Cointelegraph and Yahoo Finance, where it was stated:

“Imagine an online gambling ecosystem that is decentralized, meaning that it cuts out the typical middleman between a game-maker or betting operator and the player or bettor…it can solve common headaches of online gambling that afflict both game developers and game players, such as: fraud risk; hidden fees; high cost of entry for game developers; operational overhead; player access to funds; player withdrawal delays; and general lack of trust.”

As part of its investment thesis, TaaS invests in crypto ventures offering efficiency, economy, integrity and ease of use. More info on the DAO.Casino token sale, team and how it will revolutionize gambling can be found on its site and its Medium channel.

DAO.Casino is the fifth investment TaaS made since the fund was raised on April 27th. TaaS has made total investments of 422 BTC and 2000 ETH, including 352 BTC to Bancor, the most talked-about project of this year. As of today, TaaS holds the following tokens in its portfolio: 122,400 MYST (Mysterium Network), 293,375 BNT (Bancor Network), 1,059,210 XID (Sphre Air), 420,000 PAY (TenX) and 1,200,000 BET (DAO.Casino). Its own TaaS token (TAAS) is currently trading on Liqui, LiveCoin, and HitBTC exchanges for the price of $2.53 with a Market Capitalization of $20.6 million. TaaS will distribute profit sharing at the beginning of August after the end of its first full quarter since the fund started making investments.

TaaS’ strong team of experienced traders and analysts is focused on active trading on various exchanges, as well as on researching the most promising Token Allocation Events for long-term investments. Combination of mid-term trading activity and long-term investments is the TaaS strategy to diversify fund’s portfolio in the best way.

TaaS invests 500 ETH in DAO.Casino, a Blockchain Protocol for Gambling

Kyiv, Ukraine – June 29, 2017 – Token-as-a-Service(TaaS), the first-ever tokenized close-end fund dedicated to blockchain assets, announces today its fifth investment is in DAO.Casino, a blockchain protocol for gambling. The investment amount allocated by TaaS is 500 ETH, which is equivalent to $150,000 at the time of the transaction.

DAO.Casino has announced its token sale to begin today, June 29th, 2017 at 1:00 pm GMT with a cap limit in the amount of $25 million. The ticker symbol for DAO.Casino tokens is BET. Initial token distribution will be 70% for purchase, 10% legal entity, 10% bounty and the last 10% for early adopters and founders.

DAO.Casino is making headlines in various major publications such as the Huffington Post, Cointelegraph and Yahoo Finance, where it was stated:

“Imagine an online gambling ecosystem that is decentralized, meaning that it cuts out the typical middleman between a game-maker or betting operator and the player or bettor…it can solve common headaches of online gambling that afflict both game developers and game players, such as: fraud risk; hidden fees; high cost of entry for game developers; operational overhead; player access to funds; player withdrawal delays; and general lack of trust.”

As part of its investment thesis, TaaS invests in crypto ventures offering efficiency, economy, integrity and ease of use. More info on the DAO.Casino token sale, team and how it will revolutionize gambling can be found on its site and its Medium channel.

DAO.Casino is the fifth investment TaaS made since the fund was raised on April 27th. TaaS has made total investments of 422 BTC and 2000 ETH, including 352 BTC to Bancor, the most talked-about project of this year. As of today, TaaS holds the following tokens in its portfolio: 122,400 MYST (Mysterium Network), 293,375 BNT (Bancor Network), 1,059,210 XID (Sphre Air), 420,000 PAY (TenX) and 1,200,000 BET (DAO.Casino). Its own TaaS token (TAAS) is currently trading on Liqui, LiveCoin, and HitBTC exchanges for the price of $2.53 with a Market Capitalization of $20.6 million. TaaS will distribute profit sharing at the beginning of August after the end of its first full quarter since the fund started making investments.

TaaS’ strong team of experienced traders and analysts is focused on active trading on various exchanges, as well as on researching the most promising Token Allocation Events for long-term investments. Combination of mid-term trading activity and long-term investments is the TaaS strategy to diversify fund’s portfolio in the best way.

TaaS invests 1000 ETH in TenХ, a payment platform for cryptocurrencies via a credit card

Kyiv, Ukraine — June 24, 2017 — Token-as-a-Service (TaaS), the first-ever tokenized close-end fund dedicated to blockchain assets, announces today its investment in TenX, a payment platform providing liquidity to individuals wishing to spend their cryptocurrencies via a credit card. The investment amount allocated by TaaS is 1000 ETH, which is equivalent to $307,000 (on the moment of the transaction).

TenX has recently announced its Token Allocation Event (TAE) would have a cap limit in the amount of 200,000 ETH (equivalent to $61 million) while no more than half would be distributed during the pre-sale period. The ticker symbol for TenX’s tokens is PAY. The TAE started on June 24th and raised 100,000 ETH (equivalent $31 million) in less then one hour.

As part of its investment thesis, TaaS invests in crypto ventures, which bring efficiency and simplify the use of cryptocurrencies in the ever-growing decentralized marketplace. The wallet and credit card developed by TenX have been tested for payments in 50 countries. The payment platform developed by TenX is powered by a Cryptographically-secure Off-chain Multi-Asset Instant Transaction (COMIT) network. This allows decentralized real-time instant cross-blockchain assets transactions.

TenX has already built an iOS and Android app which serves as both a wallet and a decentralized exchange (with zero fees). TenX mails its users a physical credit which allows them to spend their cyrptocurrency anywhere where VISA or Mastercard are accepted. The platform converts all transactions to the local currency. At this point, TenX’s platform supports Ethereum, Bitcoin, and Dash, and is soon adding other popular cryptocurrencies.

This transaction marks the fourth investment TaaS made since the fund was raised on April 27th. TaaS has made total investments of 422 BTC and 1500 ETH, including 352 BTC to Bancor, the most talked-about project of this year. As of today, TaaS holds the following tokens in its portfolio: 122,400 MYST (Mysterium Network), 293,375 BNT (Bancor Network), 1,059,210 XID (Sphre Air), and 420,000 PAY (TenX). Its own TaaS token (TAAS) is currently trading on Liqui, LiveCoin, and HitBTC exchanges for the price of $2.6. TAAS will distribute profit sharing at the beginning of August after the end of its first full quarter since the fund started making investments.

TaaS is constantly searching to invest in the most innovative solutions in the crypto space. TaaS has a strong team of experienced traders and analysts for active trading on various exchanges as well as for researching the most advantageous Token Allocation Events for long-term investments. This combination of short-term and long-term investments is the fund’s strategy to grow the fund’s portfolio balance for efficiency of profit-sharing model and to diversify portfolio to strengthen TaaS.

TaaS invests 1000 ETH in TenХ, a payment platform for cryptocurrencies via a credit card

Kyiv, Ukraine — June 24, 2017 — Token-as-a-Service (TaaS), the first-ever tokenized close-end fund dedicated to blockchain assets, announces today its investment in TenX, a payment platform providing liquidity to individuals wishing to spend their cryptocurrencies via a credit card. The investment amount allocated by TaaS is 1000 ETH, which is equivalent to $307,000 (on the moment of the transaction).

TenX has recently announced its Token Allocation Event (TAE) would have a cap limit in the amount of 200,000 ETH (equivalent to $61 million) while no more than half would be distributed during the pre-sale period. The ticker symbol for TenX’s tokens is PAY. The TAE started on June 24th and raised 100,000 ETH (equivalent $31 million) in less then one hour.

As part of its investment thesis, TaaS invests in crypto ventures, which bring efficiency and simplify the use of cryptocurrencies in the ever-growing decentralized marketplace. The wallet and credit card developed by TenX have been tested for payments in 50 countries. The payment platform developed by TenX is powered by a Cryptographically-secure Off-chain Multi-Asset Instant Transaction (COMIT) network. This allows decentralized real-time instant cross-blockchain assets transactions.

TenX has already built an iOS and Android app which serves as both a wallet and a decentralized exchange (with zero fees). TenX mails its users a physical credit which allows them to spend their cyrptocurrency anywhere where VISA or Mastercard are accepted. The platform converts all transactions to the local currency. At this point, TenX’s platform supports Ethereum, Bitcoin, and Dash, and is soon adding other popular cryptocurrencies.

This transaction marks the fourth investment TaaS made since the fund was raised on April 27th. TaaS has made total investments of 422 BTC and 1500 ETH, including 352 BTC to Bancor, the most talked-about project of this year. As of today, TaaS holds the following tokens in its portfolio: 122,400 MYST (Mysterium Network), 293,375 BNT (Bancor Network), 1,059,210 XID (Sphre Air), and 420,000 PAY (TenX). Its own TaaS token (TAAS) is currently trading on Liqui, LiveCoin, and HitBTC exchanges for the price of $2.6. TAAS will distribute profit sharing at the beginning of August after the end of its first full quarter since the fund started making investments.

TaaS is constantly searching to invest in the most innovative solutions in the crypto space. TaaS has a strong team of experienced traders and analysts for active trading on various exchanges as well as for researching the most advantageous Token Allocation Events for long-term investments. This combination of short-term and long-term investments is the fund’s strategy to grow the fund’s portfolio balance for efficiency of profit-sharing model and to diversify portfolio to strengthen TaaS.

TaaS Token Withdrawal Instruction

So, you’ve got a TaaS token but prefer to store it somewhere else from TaaS wallet? The are several options to be proposed:

  • Open-Source & Client-Side Ether Wallet — MyEtherWallet
  • Ethereum desktop wallet — Mist
  • Exchanges that support TaaS token, e.g. Livecoin.

Let’s talk about transferring your tokens. We’ll walk you through the process step by step. If you are a MyEtherWallet user, just scroll to the How to send token section.

Mist wallet users should switch on the TaaS token support at their wallet and here is how to do this.

Adding TaaS token to the list of acceptable assets at Mist.

To start with, you’ll need:

  • The contract address of TaaS token: 0xe7775a6e9bcf904eb39da2b68c5efb4f9360e08c
  • The quantity of decimal places of the smallest unit is 6.

Then, you’ll need to add the asset you’d like to use to your Mist wallet. Go to the ‘Contracts’ menu item of your Mist wallet, scroll to the bottom and click ‘Watch Token’.

After that, fill the form in a following way:

  • Token contract address — the address provided in the previous step.
  • Token name — it’s up to you, but we recommend you to use the official naming — TAAS.
  • Token symbol — it’s up to you, but we recommend you to use the official symbol.
  • Decimal places of the smallest unit, which is 6 for TaaS — it’s important to set it correctly, because otherwise, it may lead to the wrong balance displayed.

Finally, click OK in the bottom and there we go! Now, you can send and receive the added currency.

How to send a token

As the ICO has finished, Send feature became available in the menu on left.

In order to send TaaS tokens, you need to:

  • fill in the field with the address of your wallet OR scan the QR code of your wallet (or any other wallet you’d like to send the funds to);
  • write the amount you’d like to send;
  • click Send.

You will be taken you to the confirmation page.

At this point, you should check the destination address and the amount you’re sending. If all is correct, enter the password of your TaaS account and press Confirm. In case any changes should be made, you can use Back button.

After you pressed Confirm, you can see the summary of your transaction with a Sent status. The summary includes the amount you’ve sent, the address of the recipient wallet, and a transaction hash, a clickable link which leads you to the page of etherscan.io with all the information about your transaction.

Enjoy! And don’t hesitate to contact support in case you have any questions.

TaaS incorporates Kepler Technologies in Switzerland and appoints Patrick Salm Managing Director

TaaS is proud to announce it has incorporated its cryptocurrency portfolio management and analytics platform company, Kepler Technologies LLC, in Zug, Switzerland. The platform, Kepler, will be developed using a portion of funds raised from the TaaS Initial Coin Offering (ICO), which has raised more than $5.5 million USD, with three days remaining to invest before it concludes on April 27. Investors in TaaS’ ICO will benefit from one year of free access to Kepler. TaaS is also delighted to announce that Financial Risk and Fund Specialist Patrick Salm has been appointed the company’s Managing Director.

Zug, Switzerland, is a global hub of financial technology innovation and serves as an ideal center for Kepler Technologies’ active connections to blockchain innovation hubs in London, Singapore, Silicon Valley, and New York. Kepler Technologies has established headquarters in BusinessPark Zug, which is supported by Zuger Gründerzentrum, a non-commercial association dedicated to helping startups to innovate. Kepler Technologies will commence operational activities immediately following its publication in the Swiss Official Gazette of Commerce (SOGC) and its entry in the Swiss Commercial Register, milestones expected within weeks.

Kepler, a cryptocurrency investment platform similar to a Bloomberg terminal, will cover the entire spectrum of the investment process, from market research, due diligence and order management to risk exposure and performance forecasting. Kepler will offer a range of services for cryptocurrency investors, including market research, analytics and portfolio management. Its market research includes an audit of each cryptocurrency and token, including a measurement of its likeliness to succeed, as well as a comprehensive catalogue of news articles, blog posts and opinion pieces about the blockchain space. As part of Kepler’s analytics, TaaS will provide quantitative tools that examine the fundamentals and technical assets of digital currencies. These can include hashrate graphs, price performance and indexes, volatility measurement, and transaction volume, and are designed to maximize data-driven insight into the cryptocurrency market.

Kepler will also help investors set individualized goals, defining risk limits and performance expectations to understand their assets. The platform will also help with formulating a realistic timeframe to reach investment goals and optimal portfolio distribution. Additionally, Kepler investigates assets’ liquidity to predict a range of scenarios, from extreme highs to lows.

In order to help investors maintain a diverse portfolio, Kepler is designed to be fully integrated with major exchanges. It also provides portfolio management services, explaining to investors short-term risks and outlining portfolio forecasts in the short- to mid-term. Kepler will offer the option to conduct “paper trades,” an opportunity to test-drive different investment strategies without risking actual capital. It is geared toward those who are curious about cryptocurrency markets, but who are not ready to include them in their portfolios.

Patrick Salm, one of TaaS’ trusted advisors, has been appointed to the position of Managing Director of Kepler Technologies. Under Mr. Salm, who brings years of leadership experience, the team is confident that Kepler will develop into the world’s leading crypto-investment platform.


Mr. Patrick Salm, Managing Director of Kepler Technologies

Mr. Salm, a Financial Risk and Fund Specialist, brings more than four years’ experience in blockchain technology. He has also held leading roles with global banks. Currently, Mr. Salm serves as Strategic Risk Manager and Business Analyst at BANK-now AG, a Credit Suisse Group subsidiary, where he provides analysis and optimization of risk-relevant business processes and applications. Previously, he was Head of the Pre-Legal Recovery Team at BANK-now, where he was responsible for monitoring risks and progress of loss-bearing positions for more than $150 million in assets. Additionally, Mr. Salm held leadership positions at credit card bonus company Jemoli Bonus Card and at Intrum Justitia, Europe’s leading credit management company.

Mr. Salm holds a Bachelor of Science in Business Law from the Zurich University of Applied Sciences, a Bachelor of Science in Business Administration (Finance & Banking) from Lucerne University of Applied Sciences and Arts, and Master of Science in Banking and Finance from the Institute of Financial Services Zug at Lucerne University of Applied Sciences and Arts.

With the ICO coming to a successful close this week and with Kepler Technologies’ incorporation in Zug, many exciting milestones are unfolding at TaaS. The team is always keen to keep the community as up-to-date as possible and looks forward to sharing more details and news in future posts.

Official TaaS Statement Regarding ICO Alert Accusations

Hello Community,

TaaS is aware of the ICO Alert report and related rumors attacking the legitimacy of the fund and the integrity of its founding team and Board of Advisors. The report, fraught with inaccuracies and assumptions, discredits the tremendous efforts the TaaS team has and will continue to make to ensure the fund is successful and transparent. No attempt was made on behalf of the report’s researchers or publisher to contact the TaaS team to verify any claims.

TaaS would like to immediately assure investors and spectators that the organization and its founding team are honest and above board. Consequently, TaaS will respond to every salient allegation made by ICO Alert and address the questions and concerns of the community to provide full-transparency, a core company value.

1. The identities and work histories of Ruslan Gavrilyuk and Konstantin Pysarenko and of GEO-Earth Resources

TaaS co-founders Ruslan Gavrilyuk and Konstantin Pysarenko do indeed have the business experience articulated on their public LinkedIn profiles. Ruslan and Konstantin are owners of GEO-Earth Resources, a geological exploration business in Nigeria, and they have completed a geological contract there. The relative lack of information available online is due to the fact this business did not require significant digital marketing assets for its success, though information can be found at www.geo-earth.biz. Please see the below evidence from The Guardian newspaper, dated Wednesday, April 17, 2013:

2. Konstantin Pysarenko’s background in the aviation and tourism industries

Konstantin is also Co-Founder of SAM, an aviation/tourism company in Ukraine. As we post this response, on Sunday April 23, the business is open to customers. Here is a link to official Ukrainian company register website: https://usr.minjust.gov.ua/ua/freesearch In the meantime, all are invited to check the Ukrainian company register for SAM and its owners to verify that Konstantin Pysarenko is a co-founder of this company.

3. TaaS connections to Bitup

As has always been described on their public profiles, TaaS can confirm that Konstantin Pysarenko and Ruslan Gavrilyuk were members of Bitup Analytical Group (B.A.G.), a service which helped develop analytics, trading, and consultancy for Bitup. Although B.A.G.’s track record for Bitup was successful, this experience sparked the TaaS founding team’s enthusiasm to develop a fully transparent platform to facilitate investments in cryptocurrencies and other digital assets. In order to officially sever ties and prevent any potential conflicts of interest, the TaaS founders formally left the Bitup Analytical Group in January 2017. This was simultaneous to the sale of Bitup’s holding company, Garrus LLP, to its current owner.

As a result of their experiences with Bitup Analytical Group, the TaaS co-founders recognized how they could overcome the disadvantages of investing in both the traditional financial sector and in the blockchain sector and developed Cryptographic Audit, a solution for the wider community that will provide investors and the public with transparent insights. Further information on the Cryptographic Audit will be distributed through a planned future press release, but many details on its architecture can be found below:

4. TaaS Cryptographic Audit
TaaS intends to reveal comprehensive details on Cryptographic Audit in a future press release. In its present form of development, the TaaS Cryptographic Audit currently contains the following feature set:

1. Account balances logging service:
a. Stored in local relational database on a server.
b. Updated automatically once a day via read-only API-keys from major exchanges including Bitfinex, Kraken, Poloniex.
c. Including balance of cold storage accounts from the blockchain (ether, ERC20 tokens, bitcoins).
2. Smart Contracts:
a. Ethereum smart contracts are used for storage of the statistics in blockchain event logs.
b. Data is updated automatically once a day.
c. TLSNotary proofs of balance at online banking pages could be recorded manually and published to IPFS. Hashes are recorded by the smart contract.
d. Proof of solvency for cold storage fund is recorded.
3. Audit Report of web (mobile friendly):
a. Display last recorded balances from the local database.
b. Display balance history from the local database.
c. Display trade history for exchanges from the local databases.
d. Display read-only API key info and links to proofs of ownership of cold storage addresses.
4. Contract explorer for the smart contract.

5. Direct Response to False Claims

In their flawed report, ICO Alert claimed that there were inconsistencies in TaaS trading methodology and falsely accused TaaS of promising 300% returns to investors. No such statement has ever been made by any TaaS team member. We suspect this figure refers to an analysis provided in the white paper which described overall market growth in 2016. The white paper’s conclusion was developed from an in-depth, 6-month long set of research tracking historical trading data that showed that the highest potential yield in this market could be achieved by diversification and professional money management, concepts central to the TaaS investment philosophy.

Properly utilized, the thesis of taking mid-to-long term positions may support AUM of up to $100mm in blockchain markets, as of 2017. Transparency achieved by Cryptographic Audit technology will provide precise insight into the exact steps of how this approach may be implemented and how trading will evolve as blockchain markets mature over time.

Because integrity and transparency are fundamental attributes of the organization, members of TaaS have shown up, in person, at six conferences over the past three months to ensure that every question from the public is directly answered. These include d10e in Bucharest, Romania, The Blockchain Event in Fort Lauderdale, USA, The World Blockchain Forum in Dubai, United Arab Emirates, Blockchain Finance & Fintech China in Shanghai, China, and Bitcoin Wednesday in Amsterdam, The Netherlands.

6. Misrepresentation of facts

It was further falsely claimed in the report that TaaS’ website misled the public by showing 286% growth in altcoins over 2016 and offering 50% returns every quarter. The report takes these two separate pieces of information out of context and conflates them.

The diagram on the website plainly describes the recent growth in the “altcoin” market. Nowhere does TaaS promise or guarantee this growth, nor does it suggest that TaaS fund traders predict similar earnings in 2017.

The TaaS website and whitepapers clearly state that TaaS will share 50% of earnings every quarter through a smart contract. Statements to the contrary have twisted the truth, ripping information out of context in what appears to be an attempt to mislead the community.

7. Conclusions
The TaaS team finds it improper that the for-profit, paid-for ICO Alert “report” was published at almost 10pm local time on the weekend and just few days before the conclusion of TaaS’ ICO.

It appears that an attempt has been made to discredit the TaaS project, sabotaging final investments through the twisting or improper reporting of fact. The TaaS team wishes it could have had the opportunity to answer sooner, but due to the late hour of ICO Alert’s publishing the co-founders could not directly respond to the community immediately.

The report suggested that the TaaS team are under-equipped to manage and trade large volumes of cryptocurrency. This is incorrect. In addition to the TaaS co-founders’ experience in trading cryptocurrency, it’s important to note that they are backed by a Board of Advisors with experience handling volumes greater that the entire cryptocurrency market by several orders of magnitude.

The entire TaaS organization has committed to a long term relationship with each and every single member of the community and in particular their investors. As plainly described in every communication to date, earnings will be properly and regularly distributed to all token owner via smart contract.

Please feel free to join us on any of our social accounts for further information and additional updates.

Thank you,

Ruslan Gavrilyuk, Konstantin Pysarenko, Maksym Muratov, Dimitri Chupryna

TaaS

Official TaaS Statement Regarding ICO Alert Accusations

Hello Community,

TaaS is aware of the ICO Alert report and related rumors attacking the legitimacy of the fund and the integrity of its founding team and Board of Advisors. The report, fraught with inaccuracies and assumptions, discredits the tremendous efforts the TaaS team has and will continue to make to ensure the fund is successful and transparent. No attempt was made on behalf of the report’s researchers or publisher to contact the TaaS team to verify any claims.

TaaS would like to immediately assure investors and spectators that the organization and its founding team are honest and above board. Consequently, TaaS will respond to every salient allegation made by ICO Alert and address the questions and concerns of the community to provide full-transparency, a core company value.

1. The identities and work histories of Ruslan Gavrilyuk and Konstantin Pysarenko and of GEO-Earth Resources

TaaS co-founders Ruslan Gavrilyuk and Konstantin Pysarenko do indeed have the business experience articulated on their public LinkedIn profiles. Ruslan and Konstantin are owners of GEO-Earth Resources, a geological exploration business in Nigeria, and they have completed a geological contract there. The relative lack of information available online is due to the fact this business did not require significant digital marketing assets for its success, though information can be found at www.geo-earth.biz. Please see the below evidence from The Guardian newspaper, dated Wednesday, April 17, 2013:

2. Konstantin Pysarenko’s background in the aviation and tourism industries

Konstantin is also Co-Founder of SAM, an aviation/tourism company in Ukraine. As we post this response, on Sunday April 23, the business is open to customers. Here is a link to official Ukrainian company register website: https://usr.minjust.gov.ua/ua/freesearch In the meantime, all are invited to check the Ukrainian company register for SAM and its owners to verify that Konstantin Pysarenko is a co-founder of this company.

3. TaaS connections to Bitup

As has always been described on their public profiles, TaaS can confirm that Konstantin Pysarenko and Ruslan Gavrilyuk were members of Bitup Analytical Group (B.A.G.), a service which helped develop analytics, trading, and consultancy for Bitup. Although B.A.G.’s track record for Bitup was successful, this experience sparked the TaaS founding team’s enthusiasm to develop a fully transparent platform to facilitate investments in cryptocurrencies and other digital assets. In order to officially sever ties and prevent any potential conflicts of interest, the TaaS founders formally left the Bitup Analytical Group in January 2017. This was simultaneous to the sale of Bitup’s holding company, Garrus LLP, to its current owner.

As a result of their experiences with Bitup Analytical Group, the TaaS co-founders recognized how they could overcome the disadvantages of investing in both the traditional financial sector and in the blockchain sector and developed Cryptographic Audit, a solution for the wider community that will provide investors and the public with transparent insights. Further information on the Cryptographic Audit will be distributed through a planned future press release, but many details on its architecture can be found below:

4. TaaS Cryptographic Audit
TaaS intends to reveal comprehensive details on Cryptographic Audit in a future press release. In its present form of development, the TaaS Cryptographic Audit currently contains the following feature set:

1. Account balances logging service:
a. Stored in local relational database on a server.
b. Updated automatically once a day via read-only API-keys from major exchanges including Bitfinex, Kraken, Poloniex.
c. Including balance of cold storage accounts from the blockchain (ether, ERC20 tokens, bitcoins).
2. Smart Contracts:
a. Ethereum smart contracts are used for storage of the statistics in blockchain event logs.
b. Data is updated automatically once a day.
c. TLSNotary proofs of balance at online banking pages could be recorded manually and published to IPFS. Hashes are recorded by the smart contract.
d. Proof of solvency for cold storage fund is recorded.
3. Audit Report of web (mobile friendly):
a. Display last recorded balances from the local database.
b. Display balance history from the local database.
c. Display trade history for exchanges from the local databases.
d. Display read-only API key info and links to proofs of ownership of cold storage addresses.
4. Contract explorer for the smart contract.

5. Direct Response to False Claims

In their flawed report, ICO Alert claimed that there were inconsistencies in TaaS trading methodology and falsely accused TaaS of promising 300% returns to investors. No such statement has ever been made by any TaaS team member. We suspect this figure refers to an analysis provided in the white paper which described overall market growth in 2016. The white paper’s conclusion was developed from an in-depth, 6-month long set of research tracking historical trading data that showed that the highest potential yield in this market could be achieved by diversification and professional money management, concepts central to the TaaS investment philosophy.

Properly utilized, the thesis of taking mid-to-long term positions may support AUM of up to $100mm in blockchain markets, as of 2017. Transparency achieved by Cryptographic Audit technology will provide precise insight into the exact steps of how this approach may be implemented and how trading will evolve as blockchain markets mature over time.

Because integrity and transparency are fundamental attributes of the organization, members of TaaS have shown up, in person, at six conferences over the past three months to ensure that every question from the public is directly answered. These include d10e in Bucharest, Romania, The Blockchain Event in Fort Lauderdale, USA, The World Blockchain Forum in Dubai, United Arab Emirates, Blockchain Finance & Fintech China in Shanghai, China, and Bitcoin Wednesday in Amsterdam, The Netherlands.

6. Misrepresentation of facts

It was further falsely claimed in the report that TaaS’ website misled the public by showing 286% growth in altcoins over 2016 and offering 50% returns every quarter. The report takes these two separate pieces of information out of context and conflates them.

The diagram on the website plainly describes the recent growth in the “altcoin” market. Nowhere does TaaS promise or guarantee this growth, nor does it suggest that TaaS fund traders predict similar earnings in 2017.

The TaaS website and whitepapers clearly state that TaaS will share 50% of earnings every quarter through a smart contract. Statements to the contrary have twisted the truth, ripping information out of context in what appears to be an attempt to mislead the community.

7. Conclusions
The TaaS team finds it improper that the for-profit, paid-for ICO Alert “report” was published at almost 10pm local time on the weekend and just few days before the conclusion of TaaS’ ICO.

It appears that an attempt has been made to discredit the TaaS project, sabotaging final investments through the twisting or improper reporting of fact. The TaaS team wishes it could have had the opportunity to answer sooner, but due to the late hour of ICO Alert’s publishing the co-founders could not directly respond to the community immediately.

The report suggested that the TaaS team are under-equipped to manage and trade large volumes of cryptocurrency. This is incorrect. In addition to the TaaS co-founders’ experience in trading cryptocurrency, it’s important to note that they are backed by a Board of Advisors with experience handling volumes greater that the entire cryptocurrency market by several orders of magnitude.

The entire TaaS organization has committed to a long term relationship with each and every single member of the community and in particular their investors. As plainly described in every communication to date, earnings will be properly and regularly distributed to all token owner via smart contract.

Please feel free to join us on any of our social accounts for further information and additional updates.

Thank you,

Ruslan Gavrilyuk, Konstantin Pysarenko, Maksym Muratov, Dimitri Chupryna

TaaS

This step-by-step guide will walk you through the whole process of investment, starting from the…

This step-by-step guide will walk you through the whole process of investment, starting from the registration.

You will get to the Signup page by clicking Invest button. If you already have an account, feel free to switch to Log in otherwise, keep reading.

There’s also an option of recovering your account in case you forgot your password.

First of all, please pay attention to domain name. It should be exactly https://ico.taas.fund/. In case domain differs, please DO NOT use this website and inform us ASAP.

The process of the registration is quite standard: you need to fill in all the fields marked with * and come up with a password (it is recommended that your password is at least 8 characters long and include letters, both upper and lower case, digits, and symbols).

Now, press Create Account.

You will get to the Terms and Conditions page. Please, read them carefully and accept them.

Wait for a moment till your account will be created (it may take up to 20 sec.).

Now go to your email and check your Inbox.

Please follow the link to activate your account.

And it will take you to the Login page, where you’ll have to provide your email and password you’ve created in order to access your profile (see the first picture of this guide).

At this point, you have to provide your phone number. You can choose a country code in the menu and then complete the rest of the digits. A confirmation code will be sent to this number, so you need to able to access it. This phone number will also be required in case you have to recover your account in future.

After you’ve submitted your phone number, you’ll receive a text message with a code and you need to type that code in the appropriate field. In case you haven’t received the code, you can request SMS again. Use the code, which you’ve received the last.

First, you’ll see a message informing you that it could take up to 20 minutes to set up your account. This doesn’t hinder you from performing any actions, you can already make an investment.

So, let’s have a closer look at what’s there at your disposal.

To start with, there’s a Dashboard where you can find most of information you need about the ICO you’re interested in.

Here the amount of investments in the current project is displayed.

You can also see the number of participants.

And the number of days left till the end of an ICO.

All numbers above are an example which shows you the amount of bitcoins (BTC) invested in the current project with its equivalent in US dollars, the number of people who have already invested and the number of days left till the end of this particular ICO.

The progress of an ICO and the amount of bonuses you can receive if you invest at this stage can be seen on the following scale. This example demonstrates that the ICO has already received 4000+ BTC of investments and you have an opportunity to get 15% of bonuses for your investment. When the amount of investments will reach 5000 BTC, bonus will drop to 12.5%, 6000 BTC to 10%, etc.

You can also see the current bonus in the Invest part.

It is possible to invest in various currencies, the full list of currencies is available in the dropdown menu. After you choose the currency, you need to write the amount you’d like to invest. Then, click Invest to perform the action.

Exchange rates are available in TAAS PRICE block. So, you can always see the current price per 1 TAAS token. The full list of available exchange rates you can see if you scroll down the OTHER RATES section.

This was a description of your Dashboard. Let’s have a look what else the menu has to offer.

You can view the list of the transactions you’ve made and their status in Transaction history.

This is an example.

Another feature you may use is your Account address.

It contains your wallet address which should be used for TAAS tokens storage only. Don’t send Ethers or other cryptocurrencies to it! If you did, contact the support.

You can also use a QR code to copy or share your account address.

You can also backup your wallet. To get more information, press “?”.

After your press backup wallet button, an email with further instructions will be sent to you.

Send is used to withdraw the tokens you’ve bought to external accounts. It won’t be available until the end of an ICO.

Now that you know the details, let’s see how it actually works. Say, you’d like to invest 1 BTC.

  • You choose the BTC as your currency.
  • Enter 1 as an amount of your investment.

Exchange rate tells us that 1 BTC = 998.503 TAAS which is calculated automatically. Also you’ll get 149.77545 TAAS additionally, since the current bonus of 15% is added. At the ‘YOU WILL GET” section you can see the exact amount of TAAS you’re going to get for your investments, which is 1148.27845 TAAS.

If all the information is correct, press Invest.

You need to send the mentioned amount to the address provided to you.

Make sure to send proper tokens to the corresponding address. Never send the wrong currency to the provided address, otherwise, your investment will be lost.

An email with all the details will be sent to you. You can also see that the invoice expires in 24h and countdown lets you know how much time you have left. This transaction is added to the list in Transactions history with Pending status at first.

In case if your order has expired, we recommend you to create the new one.

You can always check the current status of your transaction at the Transaction History page.

That’s it! Don’t hesitate to ask us for any clarification at support@taas.fund!