Q&A
Hello. This is BaaSid Team.
Here, we have opened a Q&A to explain more clearly by sharing frequently asked questions and misunderstandings by holders, as well as the progress of the project.
Q: I am curious about the BAAS token eco-system.
A: BAAS is designed to be paid as a fee for 2FA, MFA, DID, and various data authentication services. In addition, we are preparing to receive various benefits by depositing BAAS through the De-Fi wallet that BaaSid is preparing. For example, if you deposit BAAS in the “Agendabook” service, the My Data Exchange business, the level of participation and rewards in My Data increases.
In addition, in ‘Agendabook’, advertisers (company) must use BAAS or DS to recharge or purchase Rewards point(AXEN) that advertisers (company) pay for market research, marketing, and surveys.
Q: I am curious about the DS token ecosystem.
A: It is designed to expand the user’s capacity by staking to increase the user’s decentralized storage capacity in ‘Agendabook’, a blockchain-based data exchange serviced by the BaaSid Team.
In addition, we provide a ‘Safe Box’ solution for plug-in with B2C services of decentralized storage, and you can use storage by paying a DS fee.
This QA will be continuously updated, and there may be changes in business plans and schedules. Thank you for your cooperation.
Q: Why isn’t GitHub public?
A: The BaaSid Project develops and operates security technologies. There are cases where many blockchain projects are open-sourced on GitHub, which they use to prove updates to their coin holders that they are continuously developing.
There are two main directions of blockchain according to the concept of the project.
A public blockchain has a concept in which transactions are made public, and many public nodes participate to obtain higher trust than the trust of centralized transaction transactions. This is a verification of the safety of the block chain against hacking of public transaction details through multiple nodes, and has nothing to do with other identity authentication, file originals, or security of data in the database itself.
Private blockchain makes transactions public, but the BaaSid mainnet and decentralized storage built on EOS Dapp (DPos) have the great advantage of developing not only transaction transparency in the transaction ledger but also various other businesses and solutions within a closed network.
In particular, BaaSid’s personal identity authentication, 2FA MFA, data authentication, data security technology and business have all developed specific security technologies and encryption algorithms. No security company is going to disclose this area. If it is made public, it has already become an open source rather than a security technology, and business can no longer be carried out. If the algorithm and all technologies of BaaSid and Destorage’s data authentication technology are disclosed, authentication and data, the core business of BaaSid, may be hacked.
You can find more Q&As through our telegram channel — https://t.me/Bigbaas100
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