BABB BANK ACCOUNT BASE BLOCKCHIAN
Introduction
BABB is a revolutionary Banking
platform which employs Blockchain technology to democratize the financial
markets, the banking system’s recent history
provides a wealth of evidence that it is unfit to support or stimulate the Micro
economy. Hereby disrupting the current conventional culture of the financial
ecosystem. This company is based World Bank for the Micro-Economy for a wide
variety of strong case to be made for a fully Decentralized banking system by
using BAX token stored on its own e-wallet to perform friction-less transactions
increasing in value as the network increases
BABB TOKEN (BAX)
BABB has formed its own Cryptocurrency
to execute operations on its online platform. This coin is named BABB token (BAX).
A total supply of 50 Billion coins will be created however only 20,000,000,000
BAX of these coins will be available in the ICO. The BABB token is created on
the Ethereum Blockchain
and for its authenticity is bound by the Ethereum smart contract, ERC-20.Of the
total token supply, 30% coins will be reserved for the founders and 20% of the Operations,
whereas the Marketers will be given 20% of BAX tokens, 10% of the total tokens
will be allocated to the Legal pool and 10% for Working capital whereas the
remaining 55 million tokens will be reserved by the company itself.
Initial Coin Offering
The ICO period of BABB Project will
last from February 2018.The price of the token will vary during various
dates of the ICO based on the tier based system. Any unsold coins will be burnt
upon the completion of the investment round. Users may purchase tokens
primarily through ETH, however, the use of Bitcoin also be used upon request. 60%
of the total investment will received from public sale; furthermore 20% of the
budget will be given to the team management 18% of the ICO investments will be
reserved for foundation, whereas 2% is Allocated for bounty campaign.
Roadmap
BABB has provided a comprehensive
plan of the intended developments to take place within the year after the
completion of their ICO in February 2018. In January 2018, simultaneous to the
ICO launch, In January 2018 the pre sale of BABB toke is started, In November
2018 it will Launch their apps, the company intends Black Card Concept Design
in October 2017, Filed
application pending for two more patents Unique bank account based Blockchain
technology and Microeconomics digital currency issuance and exchange protocol in
October 2017, the company intends to integrate
its platform to capital markets. After a successful integration,
Advantages of the BABB Platform
BABB Project presents several
advantages for it to be considered as the optimal online Solution platform. One
of the primary advantages is its implementation of Blockchain technology, which
forms an irremovable digital receipt of every transaction on the platform,
enhancing its transparency to every user. Furthermore, BABB App is the Bank, a
completely separate and ring-fenced entity. The bank will raise funds
separately through traditional means, and will be granted an indefinite license
from BABB Platform LTD to operate on its technology platform. The bank will
focus on UK banking, providing the regulatory coverage for the bank accounts, The
more features are made the project more advance by their feature are black
card, The Second Technology is the BIO MATRIX, Third is Machine Learning
Intelligence
Conclusion
The BABB very different point for
the future of banking system is both radical and feasible, BABB will empower
each individual and business within the Micro-economy by creating a Decentralized
and inclusive financial system, BABB intends to usher in a new paradigm of fair
Banking by embracing emerging technologies and applying a people first approach
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