TI Rating Report: BaaSid

BaaSid is a blockchain-based data service provider which primarily provides Decentralized Data Storage & Security Authentication solutions for entities and corporations. It also launched a series of services, including a data exchange platform, NFT marketplace, etc., for expanding its business.

BaaSid is deployed on the Ethereum network. It aims to create a Data Safe Environment to store and manage data, through blockchain technology.

$BAAS is the Ethereum-based utility token of BaaSid which can be used to purchase AXEN (an in-app point used to pay services within the data exchange platform of BaaSid) currently. The general payment scenarios include content, surveys, and market research payment. $BAAS will be expanded to BaaSid's other launched services in the future.

TokenInsight gives BaaSid a rating of CCC, with a stable outlook.