Los Angeles, CA (PRWEB) October 04, 2017
Science Blockchain, an incubator focused on sponsoring and growing leading companies in the blockchain space that recently launched its ICO, today announced a strategic partnership with Token-as-a-Service (TaaS) Fund, the first-ever tokenized, closed-end fund dedicated to crypto-assets. The primary goal of the partnership is to reduce the risks and technical barriers of investing in the blockchain space.
Science’s track record and expertise in early stage incubation complements TaaS’ ICO and post-ICO crypto-asset fund as well as its technical tools. By working with TaaS, Science and its investors potentially will benefit from greater visibility, investment and liquidity from incubated projects, given TaaS’ platform features that simplify and secure token investment – making it easier, i.e., for investors to enter and participate in ICOs and the crypto space in general. TaaS, for its part will be better able to leverage more early-stage, higher-quality project investments, given Science Blockchain’s legal, technical and operational experience.
“When we met the TaaS team in their hometown of Kyiv at the d10e Conference,, we knew a partnership might work beautifully for us both,” said Science Blockchain Founder Greg Gilman.“ Both Science and Taas are founding members of the Blockchain Investors Consortium (BIC) and share the view that blockchain technology can and should grow into a mainstream platform for a wide variety of business applications. For that to happen, however, funds like ours, as well as our investor bases, need to lower the barriers to greater sophistication, better tools and more mature approaches to how we identify, support and scale portfolio companies.”
Gilman continued: “TaaS understands this and executes against it as a core part of their business – especially the way their platform simplifies and secures token investment. They’ve also successfully practiced what they preach by using an ICO to support their leadership in making cryptocurrencies easier to leverage and navigate. They are one of the first post-ICO blockchain projects to have produced incredible returns and we are excited to leverage each other’s strengths.”
Ruslan Gavrilyuk, Co-Founder and President of the Taas Fund, added: “TaaS helped pioneer the idea of a token-as-a-service business, and Science Blockchain’s commitment to scaling innovative applications of blockchain tech is a perfect opportunity for the kind of partnership for which we designed our fund – financially sophisticated tech entrepreneurs looking to create mainstream value from an emerging technology. We think the Science Blockchain model is an elegant and sophisticated way to help create numerous quality blockchain businesses, and the SCI token itself is both unique and potentially very valuable as an investment vehicle. We look forward to working with Science and its portfolio companies on improving the business use cases of blockchain technologies, cryptocurrencies and ICOs.”
“When two experienced, professional teams come together from the West and from the East around a shared set of goals, they are bound to create more value that they could individually,“ said Mike Costache, Advisory Board member to both TaaS and Science Blockchain, and Founder of BIC, which currently has 100 crypto-hedge fund members with over $2 billion of digital assets under management. “Having worked closely with TaaS’ founders since before their ICO (March-April, 2017), we created a high standard for due diligence after looking at over 200 ICOs and invested in 14 so far. I look forward to Science Blockchain making co-investments along side TaaS and the other crypto hedge funds.”
Science Blockchain’s ICO is currently underway, and while the composition of its portfolio is evolving, it’s expected that the completion of the funding event and development of its investments will accelerate the ways in which Science and TaaS will work together both as co-investors and as technology partners.
About Science, Inc.
Science Inc. is the disruptive media, marketing and brand building company that creates, invests, acquires and scales successful digital businesses. Science brings together the best ideas, talent, resources and financing through a centralized platform. The platform is leveraged to develop new businesses, provide emerging startups with operational strategy and capital and transform later-stage Internet ventures with new talent and innovation. The company has co-founded and invested in more than 70 companies, including Dollar Shave Club, DogVacay, HelloSociety, FameBit, Earny, Pray and Mammoth, the media company that reaches 30% of U.S. teens every month through social broadcasting and App Store top 100 apps like Wishbone and Yarn.
About Science Blockchain
Recently, Science Inc. launched Science Blockchain, which will be the first incubator funded through an ICO and focusing on blockchain technology companies. The Incubator will partner with what it views as leading entrepreneurs to invest in and build a portfolio of blockchain and cryptocurrency related businesses that it feels are positioned for long term success.
The near term objective of the Incubator is to create an environment where leading blockchain entrepreneurs can rapidly develop their business concepts, and utilize the Incubator resources (legal, technical, operational) to quickly and cleanly launch ICOs of their own. The long term objective is to build the software giants of the next century. For more information, visit http://www.science-inc.com and http://www.science.tokenhub.com.
Token-as-a-Service (TaaS) is the first tokenized closed-end fund that allows its investors to capitalize on the rise of Blockchain markets. Utilizing Ethereum blockchain and its Cryptographic Audit technology, TaaS offers a brand new comprehensive approach to capital raising, fund management, and auditing with full transparency for its investors. TaaS is currently trading on Liqui, LiveCoin, and HitBTC. TaaS was co-founded by blockchain pioneers Konstantin Pysarenko, Ruslan Gavrilyuk, Dmytro Chupryna, and Maksym Muratov and has professional team members from USA, Ukraine, Poland, Romania, South Africa and China. TaaS produced a 61% ROI for its first fully-operational quarter (May 1—August 1, 2017) and as per its original White Paper, it paid 50% of that to its token owners, reinvested 25% back into the fund so that it grows in perpetuity and paid 25% to its management.
About Blockchain Investors Consortium
The purpose of BIC is to allow its members to share due diligence and to co-investment opportunities in the most promising blockchain ventures. It was founded by Mike Costache after analyzing over 200 Initial Coin Offerings (ICOs) for the past year, and investing in and advising 25 of the most promising ones.Any crypto hedge fund with at least $3 million worth of digital assets and any individual with at least $1 million invested in ICOs and/or in crypto trading activity is welcome to apply to become a member of BIC.
The Science ICO tokens are being offered on a limited basis to a maximum of 99 accredited US investors under exemptions from registration with the U.S. Securities and Exchange Commission pursuant to Regulation D, Section 506(c) of the Securities Act of 1933, as amended (the “Securities Act”), and the rule promulgated thereunder. Only accredited investors within the US and non-US persons outside of the US will be eligible to purchase Science ICO tokens. This press release does not constitute an offer to sell or the solicitation of an offer to purchase the Science ICO tokens, nor shall there be any offer, solicitation or sale of the Science ICO tokens in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Science ICO tokens have not and will not be registered under the Securities Act or other applicable state securities laws, and may not be offered or sold in the US absent registration or pursuant to an exemption from registration requirements of the Securities Act and under applicable state laws.