Token-as-a-Service (TaaS), a tokenized closed-end fund dedicated to blockchain assets, announced its strategic partnership and contribution to SmartOne, a project aimed at bringing the disruptive capabilities of a blockchain-based enterprise to the legal sector. SmartOne focuses on the provision of legal solutions to enterprises preparing for token sales, offering services that include a marketplace for legal advice, automated document preparation (particularly for use in the financial and capital markets) and legal consultancy. As it develops, the marketplace will grow to include tax, regulation, compliance and token security.
Entering a strategic partnership, TaaS has also contributed the amount of 210 ETH to SmartOne in preparation for its Token Launch, which began at 12:00 GMT on November 15th, 2017. Individuals undertaking KYC processes during the first week will benefit from a 15% bonus until the end of the month.
Patrick Salm, Co-Founder of SmartOne, said:
“This partnership will play a major role in our development. We’re very proud and excited to partner with TaaS, a leader in blockchain-based funds management and are grateful for the interest they’ve shown in our project. It’s heartening to work with a team that so clearly wants to address the legal and regulatory issues that affect the crypto sector.”
With the launch of LEGAL tokens, SmartOne aims to deliver access to legal services essential to the crypto community. Using an online marketplace, token holders will be able to access discounted legal services and select the most suitable advisor for their specific situation. The use of LEGAL tokens and the success of the SmartOne Foundation will raise the profile of the crypto community within the professional legal sector and help develop the best path for crypto community regulation.
Ruslan Gavrilyuk, TaaS Co-Founder, and President said:
“The matter of legal compliance is of unquestionable relevance and has become a topic of major importance for any venture pursuing capital raising through a token sale. SmartOne is a great leap for the cryptospace in setting regulatory standards and providing related expertise. TaaS is ready to make every effort to support this project, aiming to enhance legal positioning of blockchain technology.”
Other smaller contributions this quarter by TaaS were made to the top three winners of the ICO Pitch Competition organized in Davos, Switzerland by d10e, a conference on decentralization. TaaS concluded its first fully-operational quarter (May 1 — August 1, 2017) with capital gains of 4.6 million USDT equivalent (61% ROA) and 5.5 million USDT equivalent (72.3% ROA) during the second fully-operational quarter (August 1 — November 1, 2017). TaaS Token is currently trading on Livecoin, Orderbook, EtherDelta, HitBTC, Liqui, and CoinExchange at the price of 4.29 USD(T) equivalent per 1 TAAS.