BABB : Bank Account Based Blockchain

  

The World Bank server the Macro-Economy, whereas BABB is the World Bank for the Micro-Economy.

What is a BABB?

BABB is an acronym for Bank Account Based on Blockchain. BABB's decentralized banking platform uses Blockchain technology that will enable to open a bank account to anyone in the world, with built-in access to crowd-sourced financial services. It is possible to significantly cut the cost of banking and financial services to offer game-changing service and bring two billion people into the global economy.

Why BABB?

BABB leverages blockchain, biometrics and machine learning to offer revolutionary decentralised banking services for people across the globe.BABB will employ privacy by design, implementing GDPR regulations into operations. On the BABB platform the account holders have full ownership of and control over their own data. BABB will work with central banks to manage existing and issue new Central Bank-issued Digital Currencies (CBDCs), They can leverage BABB technology to host and operate a portion of the federated network.In short, BABB is building a decentralized bank powered by the blockchain, operating a full reserve and integrating digital currencies all around the world.

• BABB is already an Authorized Payment Institution regulated by the FCA.
• Applying for a UK banking license.
• Previous prototype built on collaboration with Applied Blockchain, and tested.
• BAX token integral to operations of platform, app and payment card.
• Growth mechanism in place: Social KYC to promote rapid expansion of the network.
• A strong team with exceptionally broad range of experience and knowledge.
• Smart Contracts audited by a third party.

BAX Token

BAX is the native cryptocurrency that powers the BABB platform and acts as a universal cross-border currency for all BABB users. The BAX token is the lifeblood of the platform, with several key use cases.

• All fees for BABB services, such as transaction and currency exchange, are paid in BAX.
• BAX facilitates peer-to-peer (P2P) currency exchange and international transfers by improving liquidity of certain currency pairs.
• For international fundraising efforts, funds may be collected in BAX to remove the need for currency conversion and allow people to participate with no minimum contribution.

Token Sale

Hard Cap

Hard Cap is $20 million.

Main Sale Date & Time

The BABB token sale will go live at 12pm GMT on Tuesday 6 February 2018.Prices and Discounts. There will be 10 billion BAX tokens for sale in the main sale at $0.0012 per token, excluding discounts. There will be a 15% discount on the first 1 billion tokens for sale.

Token Distribution

Use of Funds Raised

BABB Products

Platform

All BABB users are connected via a global network that allows them to leverage their social connectivity in new ways to trade, make payments and participate in fundraising.

Mobile Application

Users access their account through a smartphone app, designed to combine the utility of a banking app with the UI of a social media app.

Black Card

Users can spend any supported currency in any country using the Black Card, a revolutionary decentralized payment card.

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