# Ethereum-based BAAS Token
## BAAS Token (BAAS Token, Ethereum-based)
BaaSid's token is designed as an **Ethereum-based ERC-20 utility token** and is used for ecosystem participation, rewards, and governance participation.
Main functions:
* **Token ecosystem**: Inducing purchase of BAAS tokens and business activation by companies or third parties to use voting services of governance (partner companies, platforms, or Dapps that receive BaaSid technology)
* **Governance**: Operating with a Proof of Participation reward model to induce continuous user participation and activation of the token ecosystem
* **Reward method**: When users participate in data generation such as surveys and voting, they receive direct rewards in BAAS tokens or exchange BAAS tokens for system points of the corresponding platform or Dapp according to activities within the platform or Dapp
* **Utility**: Point exchange within Agendabook, access to paid services, DAO voting rights, etc.
BaaSid Token Ecosystem
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