TaaS is Out in the Wild!

I'm just going to cheerlead for a bit over here on something other than STEEM. In one of my previous posts, I've recommended TaaS (Token-as-a-Service) and now it's out on exchanges, coming out of the ICO phase. So it just became a little more recommendable. Personally, I think this is one interesting long-term project. Having a TaaS token is quite like having a group of fund managers looking after potentially hundreds of different coins in the future, without the fuss of wallet management and all that jazz.

It's a closed-end fund with pretty good chances of growing along with the rise of cryptocurrency markets. With a total market capitalisation of ~54 billion dollars at the time of writing, a ~1 trillion dollar market in a very conservative horizon of 10 years will not be so far fetched, and should fare well for TaaS.

Profits are paid out every quarter to token holders as dividends and a certain percentage automatically reserved for the purpose of re-investment. The interesting thing about this token is that it's built to survive:-

• Market depression: there's a reserve fund which builds up itself on a bull market, and will progressively release for further funding on a bear market for staying in the game, so to speak. Also 25% of the quarterly profits are re-invested into the fund every quarter to increase its net asset value without ever acquiring external funding.

• Backbone collapse: TaaS is an ERC20 token. The fine team over in TaaS have devised fallback plans just in case the Ethereum network faces any issues in the future. I'm certainly not in the clear about the technicals, but I think a doomsday plan such as this is great value in itself.

The only drawback that I'm thinking about now is the fallibility of human operators, so I hope the team will consider another fallback plan for TaaS. An eternal, autonomous entity working to snowball TaaS's value over the decades or centuries is a nice thought indeed. Not sure what innovations the team will be coming up with, but anyway, I think this remains to be a good addition for the cryptocurrency community. Their forums could also serve as a place to talk about great coins to buy into and whatnot.

All in all, this is definitely a long-term crypto and I don't expect the value of the tokens to change too dramatically in the beginning. Plus, I think most TaaS investors are just going to HODL these tokens in cold storage so I don't expect very liquid markets for it. Good times ahead, and remind me to say "Very TaaSty!" if the coin ever hits the market cap of ~1 billion in 2027. Pretty sure STEEM is going to be in their portfolio too as they ride the cycles between Bitcoin and Altcoins - these will all be made transparent as soon as the cryptographic audit tech is up and when TaaS funds enter the market.

It was sold for an average of ~$0.85 per TaaS during the ICO and if you think this is a great long-term opportunity, its current price a little above $1.00 may prove to be a good entry point. Only for the span of years, so I think TaaS will definitely disappoint if you're looking for short-term gains. For more info: https://taas.fund/