Last calendar week saw the culmination of the Token-as-a-Service (TaaS) crowdsale, adding closed to other $7.9 mln of value to the crypto ICO phenomenon.
TaaS, which describes itself equally the “world’s first-ever closed-end fund dedicated but to Blockchain assets,” after began trading on 2 exchanges: Livecoin too Ukraine’s Kuna.
3,769 investors participated inwards the sale, amongst whatsoever unpurchased tokens from the master copy 101,000,000 render beingness burnt.
Despite the sizeable amount collected, which included 3,450 BTC too 45,000 ETH, TaaS’ offering was overshadowed past times the recent giant funds collections from Gnosis too iEx.ec.
Organizers likewise faced criticism during the campaign, leading to an official disputation inwards which they attempted to counter third-party misgivings virtually the “integrity of the fund.”
A website, ICOalert.com, originally produced a report claiming TaaS’ developers had “deep connections” to the investment platform BitUp, which it says has features that “resemble strongly characteristics too activities of High Yield Investment Platforms, to a greater extent than unremarkably known Ponzi Schemes.”
“TaaS is aware of the ICO Alert written report too related rumors attacking the legitimacy of the fund too the integrity of its founding squad too Board of Advisors,” it wrote inwards a blog post 4 days earlier the ICO ended.
“The report, fraught amongst inaccuracies too assumptions, discredits the tremendous efforts the TaaS squad has too volition croak on to brand to ensure the fund is successful too transparent.”
President too Co-Founder of TaaS Ruslan Gavrilyuk meanwhile commented inwards a press unloose virtually the ICO that he was “extremely pleased” amongst the reaction.
“The investment charge per unit of measurement reflects the potent marketplace demand for a platform that reduces the barriers to entry for investing inwards cryptocurrencies, a niche that TaaS has immediately filled,” he added.
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