TaaS (TAAS) stands for Token-as-a-Service, and is a type of cryptocurrency. TaaS is a well-known cryptocurrency that trades using the ticker symbol TAAS . TaaS was founded on in February of 2017. While Taas started within a hedge fun project
that is now closed, traders can still buy the cryptocurrency token. Token-as-a-Service (TaaS) was one of the first-ever closed-end tokenized funds dedicated to blockchain assets.
The following excerpt is taken from the TaaS website to address investors:
We have come to the decision to terminate Token-as-a-Service and distribute assets to token owners, and move over to developing new products and services, which we will be more than happy to present to the Community in due course. Together with the genuine support of the highly esteemed Community, TaaS is proud to have achieved some outstanding results within just 24 months of operation. TaaS exceeded 16.5 million USDT equivalent in quarterly payouts, with an est. 220% ROI.
Token-as-a-Service instrument fulfilled its objective to play a pioneering role in the development of blockchain ecosystem, increase technology adoption, and develop market tools and knowledge base. During the course of a journey, we supported over 35 early stage projects. With a goal to maximize utility of every TaaS member involved, we have decided to distribute assets to token owners.
For more information, contact: taas@taas.fund
Most cryptocurrency platforms do not allow for the direct purchase of TAAS. So, most traders who opt to purchase TAAS can complete this transaction using Bitcoin (BTC) or Ethereum (ETH).
Technical Analysis of TAAS-USD as of December 2020
After a big drop from around a $level in 2018, TAAS
has found its support at around $0.20. TAAS stock has been range trending ever since, oscillating between the $1.6 level and the $0.25 cents level. Currently, TAAS is aggressively selling off, with no historical support level in sight until the $0.20
just mentioned from 2018. Even though there are no signs of a reversal as of right now, pay attention on any reversal patterns around the $0.20 level. The last time that support level was tested, TAAS formed a bullish hammer pattern right at that
level which, in a downtrend, is a good sign for a potential reversal (the lowest point on the chart below). That support level could be a solid entry point in the near future, but traders should exercise caution and await stronger confirmation before
trade entry.
