BABB — Bank Account Based Blockchain Platform
What if you are as autonomous as your bank? You wouldn’t have to worry about queues. There will be no encounters with unhelpful staff. If your peers are autonomous too, it means they can equal empowered participant. It creates a win-win situation for both of you. It is what BABB project is trying to do. They transform everyone into a bank, though not in brick and mortar sense. They are creating a bank account based blockchain. It revolutionizes the way banking is done. It eliminates a need for a brick and mortar bank, rates creates a decentralized global financial network.
There are more than 2 billion people who are unbanked or underbanked. Most of them live in developing countries, where you can find a bank in every pin code. The incumbent banking system doesn’t address their needs. More than three fourth of the Sub-Saharan and Indian subcontinent’s population are unbanked. It is alarming, isn’t it? These are the same regions that promote mobile and internet banking extensively. With such technology, the unbanked populace much is somehow addressed. Someone has to acknowledge their presence. That was the core of the idea behind BABB. Anyone with a phone and internet connection is a bank.
Financial Freedom:
Babb’s decentralized bank powers everyone. As a bank, you enjoy more freedom. All the players stay connected as peers, regardless of location or profiling. The personal banks have the ability to empower others. As a bank, you can offer bank account for the people you personally know. You can start lending funds at reasonable interest rates. Thanks to Babb, you can get a UK bank account, irrespective of where you live. The only way you identify yourself is by posing for a selfie and saying a pass phrase. Once you are logged in, you are your own bank.
Social-KYC:
A validated member of Babb network can pull in their circle of friends and family. You can allow them access to accounts from your bank. Once you download the app, take the self and tell your pass phrase, you can start creating countless Babb accounts. Social KYC mechanism is what is applied to register accounts. Social KYC helps build extensively banked communities. It promotes quick updates to Babb Network. The network built on a blockchain uses biometrics to create and secure digital identities. By connecting people, the community can reduce the cost of doing business globally.
ICO Details:
Unfortunately, the presale has already closed. The presale reached hard cap in blazing speed. 10 billion BAX tokens were sold in the presale. You can still register for their main sale. BAX is purely a utility token inside confines of the BABB platform. During the main sale, each BAX token will be priced at $0.0012. ETH to BAX rate will be adjusted to ETH fluctuating prices in USD. All your ETH funds contributed will be converted into USD before registering your tokens. ETH will still be an accepted payment method during ICO. 60% of tokens are reserved for public sale.
Important Links:
Please find the important links related to the project below and stay updated:
Website: https://getbabb.com/
Whitepaper: https://getbabb.com/babb-whitepaper.pdf
Twitter: https://twitter.com/getbabb
Facebook: https://www.facebook.com/getbabb/
Telegram: https://t.me/babb_official
Medium: https://medium.com/@BABB
Kind Regards!