BABB, also known as Bank Account Based Blockchain, is a revolutionary project that harnesses the power of blockchain technology to democratize access to financial services worldwide. It gives every person the opportunity to participate in the benefits of the global financial system, regardless of their location or financial background.

BABB creates a unique platform where users can create digital bank accounts, conduct transactions, and access financial services at low costs. It is a decentralized bank for the microeconomy that offers individuals and businesses access to a UK bank account powered by blockchain technology.

The BABB platform provides users with a smartphone app for managing their accounts and offers access to a decentralized payment card. BAX, the native token of the platform, serves as the means of exchange within the BABB ecosystem.

BABB (Bank Account Based Blockchain) is a platform that aims to provide an inclusive and accessible financial experience by combining decentralized crypto, backed stablecoins, and regulated fiat money in a single mobile application. Here's how it works:

Hybrid Money Account

BABB offers the world's first Hybrid Money Account, which allows users to have cryptocurrencies, stablecoins, and fiat money all in the same mobile application. This account provides safety, security, convenience, and affordability for users' funds.

Decentralized Bank

BABB is building a decentralized bank powered by blockchain technology. The platform aims to operate on a full reserve system and integrate digital currencies globally. By leveraging blockchain, BABB aims to offer efficient and transparent financial services.

Compliance and Regulation

BABB strives to ensure compliance with UK regulations for its bank account offering. This regulatory adherence helps establish trust and stability within the financial system.

Inclusive Financial Experience

BABB aims to provide an inclusive financial experience, enabling individuals to access banking services regardless of their location or financial status. By combining traditional banking elements with innovative blockchain technology, BABB seeks to empower individuals with greater control and accessibility over their finances.

The project was launched in 2017 by CEO Rushd Averroes and his dedicated team. With a vision to revolutionize the world of financial services, the founders of BABB have used their expertise in blockchain technology and finance to develop innovative solutions.

BABB was founded in 2018 with a vision of creating a financially inclusive world. The company believes that access to basic financial services is a fundamental human right that should be available to everyone, regardless of their background, income, or origin.

BABB aims to champion democratization, shared prosperity, and the elimination of poverty and socio-economic inequalities. Since its launch, BABB has grown into an international company with a growing community of supporters and users.

The unique features of BABB make it a promising investment opportunity. For one, the project has the potential to transform the financial market by providing millions of people with access to affordable financial services.

This immense market potential offers the opportunity for significant value increases for the BABB tokens. In addition, the BABB team has impressive expertise and a strong network of partners that support the growth of the project.

The forecast for the price of BABB (BAX) is influenced by various factors. A significant factor is the acceptance of BABB as a global standard for financial services, which could drive the price of BAX to USD higher.

The more people use the platform and hold BABB tokens, the greater the demand will be, which can lead to a potential increase in BABB value. In addition, partnerships with established financial institutions and governments could strengthen confidence in BABB and promote its use worldwide.

The integration of BABB into existing financial systems and the introduction of new features and services could also have positive effects on the BAX price.

BAX is the utility token of the BABB platform, and has the following functions:

Underlying Token for Platform Services

BAX tokens are used as the underlying cryptocurrency for all services provided by the BABB platform. $BAX is used to pay all services, fees, and licensing of the BABB platform.

Onboard/Offboard Services

Any service that integrates BAX support can consequently connect with the BABB platform and facilitate the transfer of funds directly between user bank accounts. The team behind BABB plans to use BAX as a method for transferring value into and out of the BABB platform, as well as serving as an access point to other cryptocurrencies.

Foreign Exchange Liquidity

BABB plans to use BAX as an intermediary to convert tokenized fiat currencies between BABB accounts, promoting rate discovery, enhancing liquidity, and simplifying the exchange process among various local currencies.

International Payments

BABB may allow the use of BAX to make international payment transfers, especially for more illiquid currencies of smaller countries. Users can send funds in BAX and the recipient can convert BAX tokens to the currency of their choice.

Fundraising

To promote global cooperation, the money gathered through BABB's fundraising capabilities can be obtained in BAX, providing extra benefits for participants. Utilizing BAX for fundraising enables support for small contributions, under $1 per participation, allowing for micro-participations.

Trade or HODL BAX

Trade BABB crypto against other digital assets on BYDFi Spot Market or other supported platforms. Buy or sell BAX or hold the token long-term if you believe in the future of the BABB project. Do remember to perform DYOR before entering a new trade in the crypto market.

The BAX token is used to carry out transactions on the platform and secure the network. There are a total of 50 billion BAX tokens, some of which were distributed during the Initial Coin Offering (ICO).

The token distribution of BAX according to the BABB whitepaper is as follows:

1. 60% was allocated to the public token sale, of which 40% went for the pre-sale and main sale in early 2018, and 20% was made available in the second phase.

2. 20% of BAXs total supply was distributed among the BABB team members, advisors, early contributors, and partners.

3. 18% was set aside as platform reserve.

4. 2% of the BAX supply was allotted for a BAX bounty campaign.