Token-as-a-Service (TaaS), a closed-end fund dedicated to blockchain assets announced the other day a strategic partnership and investment in easy-to-use smart contracts creator, Etherparty.
TaaS has contributed a significant amount of ETH to purchase Etherparty token FUEL in the presale as part of the ongoing partnership which will see further collaborative efforts. TaaS reviews hundreds of Token Generation Events (TGEs), selecting just over a dozen per quarter which meet the high standards required to sustain the platform’s reputation for delivering high returns on investment.
The core use cases that Etherparty’s smart contract templates will focus on peer-to-peer escrow contracts, supply chain management, token creation, sports wagering, real estate contracts, and contractor agreements.
“The Etherparty platform allows users with zero knowledge of smart contract programming to create an enforceable, self-executing digital agreement for all types of transactions.”
Using Etherparty means easy access to developed smart contracts. Users simply utilize templates that suit their purpose with no programming expertise required.
“We are very excited with TaaS Fund investing in FUEL and backing Etherparty as they have a reputation for backing winners in this space. Etherparty unleashes the speed, cost-reduction, and security benefits of smart contracts for individuals and businesses. It represents the next generation of software as a service.”
Etherparty is a user-friendly system for the creation, use, and management of smart contracts which has the potential to dramatically expand the rate of commercial and consumer adoption of blockchain technology. While blockchain (or distributed ledger technology) may recast the foundations of electronic commerce and data storage, the technology’s use by non-computer professionals has been limited by a lack of user-friendly applications.
Token
FUEL is the token that powers the Etherparty platform. FUEL is a transferable ERC-320 compliant digital token deployed on the Ethereum network. Users will pay for access to the platform’s functions, which include access to the smart contract library, security monitoring tools, and a network monitoring dashboard.
The FUEL token serves as a method of validating the user’s interactions with Etherparty’s platform. In the future, FUEL will serve as access for smart contracts on multiple blockchains, integrating these disparate blockchains into one unified view within the Etherparty platform. Recently Etherparty announced a strategic partnership with Rootstock (RSK), the first open source smart contract platform powered by the Bitcoin network.
Etherparty’s FUEL pre-sale is currently live until September 15, 2017. The FUEL public sale will run from October 1st to October 31, 2017, unless otherwise sold out.