Takaturn as a Business

STEP 6: Cycles repeat until term is complete

Each funding cycle is initiated every 30, 31 or 28, 29 days, according to the Gregorian calendar months, on the same day in the following month. For example, if the cycle starts on the 5th of January, then the next cycle should start on the 5th of February, 31 days later. The purpose of this is to have the same cycle contribution due date each month such that participants are less prone to missing their contribution date.

The FUND contract will be deactivated once all participants have been beneficiaries. Upon deactivation of the FUND contract, all remaining collateral in the VAULT will be returned to the originating accounts. We anticipate that there may be collateral remaining due to defaults and the fluctuating price of ETH over time, which may result in excessive collateralization.

Takaturn as a Business

TAKA Group Holdings

Takaturn Mini DAOs is a project created by TAKA Group Holdings and operated by the Takaturn subsidiary. TAKA Group is a company that builds shariah-compliant financial products on the blockchain. In addition to Takaturn, TAKA Group is also the creator of Takadao, a shariah-compliant insurance DAO operated by the Takadao subsidiary.

Business model

For the first iteration of Takaturn, the operating company intends to take no fees beyond gas fees incurred in normal operations on Arbitrum and the Ethereum mainnet.

In future, the Takaturn company may elect to charge a fee on total fund contributions of between 0.05 - 1.5%.