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updated $0Market cap$89.37K
Volume 24h$22K
Circulating supply10B100% of max 10B
All-time high$0.03-100% from peak · 2021-04-05
BaaSid (ticker BAAS) is a blockchain project focused on decentralized data storage and security, built around splitting and distributing data across a network so that no single party holds complete information. In simple terms, it aims to let users store and share files safely without trusting one central server. The BAAS token runs as an ERC-20 asset on Ethereum and powers transactions within the platform.
Frequently asked questions
What is BaaSid and how is it different from regular cloud storage?
BaaSid is a blockchain-based storage network where files are split into fragments and distributed across nodes, unlike traditional cloud services that keep your data on centralized servers. This means no single entity can access or reconstruct your complete data. The project also targets applications in identity verification and data authentication.
How does the BaaSid network work?
The core idea is data fragmentation: information is divided, encrypted, and spread across a decentralized network, then reassembled only when the authorized owner requests it. BaaSid operates as an ERC-20 token on the Ethereum blockchain, so transfers rely on Ethereum's proof-of-stake consensus and security. This design removes single points of failure typical of centralized storage.
What is the token emission model for BAAS?
BAAS has a hard cap of 10,000,000,000 coins, meaning the total supply is fixed and no additional tokens can be minted beyond that limit. A capped supply is a common design choice to keep the token economics predictable. Details on how the supply was initially distributed can be found on the official site.
How can I store and use BAAS tokens?
Since BAAS is an ERC-20 token, you can hold it in any Ethereum-compatible wallet such as MetaMask, Trust Wallet, or a hardware wallet like Ledger. Always verify the smart contract address (0x3e65e1eefde5ea7ccfc9a9a1634abe90f32262f8) before sending or receiving tokens to avoid fake copies. Within the BaaSid ecosystem, the token is used to pay for storage and data services.