BABB- A bank based Blockchain
Currently the Banking system has lots of flaws compile in itself. There are 7 billion people all around the world, though which 2 billion people are still unbanked. The unbanked people can’t access to the financial services which possibly be to save the hard earned money, take a home loan for the dream house or it may be to take the financial loan to start your own business. Accenture has reported that these unbanked people can create a $380 billion market. Having a great opportunity, the centralized bank system is unable to grab this opportunity.
BABB has the plan to convert this opportunity to great milestones. BABB is using the blockchain technology to offer a bank account anyone in the world. Centralized Banking system has poor security and vulnerable to number of threats. BABB is defending the global economy less susceptible to shocks like 2008 financial crisis.
Features of BABB Blockchain-
• A smart phone app which is giving unbanked a streamlined experience of banking system.
• Providing real UK based bank account, BABB has applied for the Banking license, providing financial services to the users. BABB is already an Authorized Payment Institution regulated by the FCA.
• True peer to peer financial services, which is managed by smart contracts, connecting people with money to people with ideas.
• The Black Card will be a payment card linked to the BABB app using an NFC tag or QR code with no data stored on the card itself. With the Black Card, we will create a new universal payment system, independent of Visa and MasterCard. Retailers with a BABB account will be able to accept Black Card payments without needing to buy a card machine or pay high processing fees.
BAX will be implemented on the public Ethereum blockchain as an ERC20 token. BAX is a utility token which will be used under the BABB platform.
TOKEN SALE: 6 FEB – 6 MAR
• Ticker: BAX
• Token type: ERC20
• ICO Token Price: 1 BAX = 0.0012 USD
• Fundraising Goal: 20,000,000 USD
• Sold on pre-sale: 10,000,000 USD
• Total Tokens: 50,000,000,000
• Available for Token Sale: 60%
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