TaaS Hedge Fund announced the closure and distribution of assets among holders of tokens

The first closed tokenized hedge fund Token-as-a-Service (TaaS) intends to distribute the assets among the initial participants of its ICO (3,942 investors) and holders of tokens. Then the organization will cease its activities, and the TaaS token will be abolished. About this BlockchainJournal, representatives of the company.

Over the past two years, TaaS has invested USD 10.5 million in 35 projects (including EOS, Bancor, Vimana, ICON, Singularity.net, SALT and TenX ), conducted research on more than 1500 projects, made about 80 thousand trade transactions on 300 cryptocurrencies, and also developed analytical tools for token holders.

The distribution procedure among authorized holders of tokens will take place after the publication of the last quarterly report (February 1 – April 30). Currently, TaaS holds USD 10.72 million, and the number of native tokens is 8,146,000.78.

The exact details of the procedure will be made public in May, but it is known that the distribution formula assumes a deduction of 25% of quarterly profit and 2% on the costs of the fund's net worth.

Recall earlier it became known that the value of assets under the management of the cryptocurrency fund Polychain Capital sank by $ 376.3 million in less than a year.

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