The World Bank for the Micro-Economy
General
BABB is an acronym for Bank Account Based on Blockchain. It use blockchain technology to offer a bank account to anyone in the world, with built-in access to crowdsourced 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
Product
Usefull smartphone app
A mobile app with global connectivity. Send money across the world, exchange currencies, lend and borrow money and fundraise for projects.Real UK-based bank account
BABB will offer a bank account on the BABB platform, compliant with UK regulations, available to any eligible person or business in the world, instantly, without the need for a UK address or credit history.Peer-to-peer financial services
A BABB bank account will be a portal to a connected world of crowdsourced financial services. BABB account holders are nodes in a peer-to-peer network managed by smart contracts, connecting people with money to people with ideas.Secure payment card
The BABB Black Card is a secure payment card that links directly with your BABB bank account via a QR code or NFC. It allows both a debit-like functionality, or it can be issued as a pre-paid card for your friends and family. This approach allowed us to design a simple yet elegant card with no need for a chip and pin
Use Cases
Peer-to-Peer Cash
BABB enables users to withdraw and deposit cash from their account by engaging with other users or agents. Also, the app makes it easy to exchange and withdraw a currency that is different from the one currently held in a BABB account.Peer-to-Peer Borrowing
Through the BABB app, users can lend to and borrow from one another. Payment terms and rates are clearly defined, agreed on, and fast to conclude.Peer-to-Peer Fundraising
BABB will provide tools for international and local fundraising, where anyone can raise funds using 3 types of mechanisms: Private is only by invitation; Personal is broadcasted to friends and family; and Public is for anyone to start a global fundraising campaign, particularly for purposes like disaster relief and community infrastructure
projects, but also for personal projects and causes.Payments & Payroll
BABB banking platform can be used to create a more direct payment flow that connects payers and payees — across borders or domestically — without intermediaries, at ultra-low fees and almost instant speed.
Token sale
BABB will raise funds through a BAX token sale. The funds raised will be used to develop the app and the platform, apply for a banking licence, and operate the infrastructure.
BABB will issue 50 billion tokens, 30 billion of which (60%) will be available for public sale, over two phases: the first with 40% in 2018, the second 20% in 2019 once the platform is live and the token in use. Any unsold tokens in each of these phases will be burned.
| Token Name | BAX |
|---|---|
| Token type | Etherium ERC20 |
| 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% |
| Accepts | ETH, USD |
Contacts
Website: https://getbabb.com/
Whitepaper: https://getbabb.com/babb-whitepaper.pdf
Bitcointalk Announcement: https://bitcointalk.org/index.php?topic=2349340.0
Telegram: https://t.me/joinchat/E7lsBw5BqFHVEz1etGm9ww
Twitter: https://twitter.com/getbabb
Youtube: https://www.youtube.com/channel/UCQtkZd7sfzbEugz7VdFhv4Q/featured
My Account BTT : https://bitcointalk.org/index.php?action=profile;u=1418963