BABB

BABB

Created using Figma

Last Update

Jan 25, 2018

Babb aims to deliver accessible, secure, convenient and cost-effective peer-to-peer mobile financial services designed to empower the global micro-economy. We are currently in the process of building the platform and mobile app. We are also seeking to form relationships with partner organisations and merchants who will accept Babb card payments.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • CoinTiger
    BAX/USDT 8 months ago
    $ 0.0004
    $ 6.34
    -
    -
  • Bittrex Global
    BAX/USDT 8 months ago
    $ 0.0002
    $ 12.96
    -
    -
  • Bittrex Global
    BAX/ETH one year ago
    $ 0.0001
    $ 4.90
    -
    -
  • CoinTiger
    BAX/ETH one year ago
    $ 1.687E-5
    $ 29.75
    -
    -
  • Bancor Network
    BAX/BNT one year ago
    $ 0.0003
    -
    -
    -
  • KuCoin
    BAX/USDT 2 one year ago
    $ 0.0008
    $ 17.192 M
    -
    -
  • KuCoin
    BAX/BTC 2 one year ago
    $ 0.0007
    $ 88.25 K
    -3.17%
    -0.05%
  • KuCoin
    BAX/ETH 2 one year ago
    $ 0.0006
    $ 27.283 K
    -2.33%
    -60.54%
  • ForkDelta
    BAX/ETH 2 one year ago
    $ 0.0020
    $ 414.75
    -
    -
  • Bamboo Relay
    BAX/WETH 2 one year ago
    $ 0.0012
    $ 373.52
    -
    -
  • Bilaxy
    BAX/USDT 3 one year ago
    $ 0.0002
    $ 5.04
    -
    -
  • LATOKEN
    BAX/USDT 3 one year ago
    $ 2.601E-5
    $ 0.0779
    -
    -
  • LATOKEN
    BAX/ETH 3 one year ago
    $ 2.581E-5
    $ 1.12
    -
    -
  • LATOKEN
    BAX/BTC 3 one year ago
    -
    $ 0.6022
    -
    -
  • Idex
    BAX/ETH 3 one year ago
    $ 0.0001
    $ 168.09
    -
    -
  • Bilaxy
    BAX/BTC 3 one year ago
    $ 0.0001
    $ 16.94
    -
    -
  • Uniswap (v3)
    BAX/ETH 3 one year ago
    $ 0.0002
    $ 32.56
    -
    -
  • DDEX
    BAX/WETH 4 one year ago
    $ 0.0001
    $ 7.42
    -
    -
  • Radar Relay
    BAX/DAI 4 one year ago
    -
    -
    -
    -
  • Radar Relay
    BAX/WETH 4 one year ago
    $ 0.0005
    -
    -
    -
  • DDEX
    BAX/ETH 5 one year ago
    $ 0.0003
    $ 69.55
    -
    -
Token main sale
Feb 6, 2018
Mar 6, 2018
100% completed
$16 700 000
hard cap
cap
83% hard cap completed
Cap 11 000 000.00 USD
Hard cap 20 000 000.00 USD
past
Token pre-sale
Jan, 2018
Jan, 2018
100% completed
$9 000 000
100% goal completed
past
Token Details
Ticker
BAX
Accepted Currencies
ETH
Company Details
Registered Country
United Kingdom
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Platform

About BABB

The financial services industry is - still - ripe for radical disruption. The existing banking system is built on an outdated infrastructure which no longer serves the interest of its retail customers or the microeconomy as a whole. Based on decades-old technology, mainstream banking completely excludes a third of the global population and is very expensive for the other two thirds.

Many energetic startup companies with bright ideas and ambitious plans have sought to better serve a segment of the unbanked, the underbanked or the underserved people of this world. For the most part, they’ve attempted this using existing structures, templates, infrastructure and technologies. The progress made so far, by the fintech industry and financial inclusion initiatives, has been promising but limited.

BABB’s approach is different. BABB will redesign the economy from the ground up, transforming it from a rigidly hierarchical and exclusionary system into a decentralised and inclusive one. By combining blockchain technology, biometrics and artificial intelligence, we are creating the future of banking, radically different from what the world has seen before.

The World Bank serves the macroeconomy, whereas BABB is the World Bank for the microeconomy. Our ambition is a relatively simple one: everyone in the world should be able to open a UK bank account. The implications of a fully banked global society, however, are huge. This will be a global society of people using smart contracts to make deals, leveraging their social connectivity to make better use of their money.

BABB leverages blockchain, biometrics and machine learning to offer revolutionary decentralised banking services for people across the globe. Regardless of background, location or income, BABB will offer a UK bank account to anyone in the world, helping increase financial inclusion and social integration, while also empowering local economies to generate wealth for themselves.

We will connect people and businesses to a frictionless new global financial system which revolutionises the existing micro-economic ecosystem through advanced technological, social, economical and regulatory capabilities.

By combining social connectivity with accessible banking (social banking), we are building a global banking network fostering international collaboration and inter-community engagement.

In essence, BABB is building a decentralized bank powered by the blockchain, operating a full reserve and integrating digital currencies all around the world.

BABB Roadmap

  • 2018

  • The Start
    We started Babb back in 2018 because we envisioned a financially-inclusive world in which everyone has access to basic financial services just the same way as access to basic resources like water, food, and shelter. Babb was born out of the sheer necessity to create a bridging platform that removes middlemen, reinstates fairness, and connects people globally.

    The Initial Push
    In our first funding campaign, we raised 18,000 ETH from over 10,000 investors from 130 countries. A true testament to our community-driven ethos.
  • 2019

  • The Backup Push
    In 2019, a backup fundraising campaign was launched where we successfully raised USD 1.7M from over 1,100 investors.
  • 2020

  • Babb Remit Gets Regulated
    In 2020, Babb remit was regulated by the FCA and received the SPI (Small Payment Institution) license.

    The Babb App Gets Going
    In 2020, we launched our MVP, a crypto wallet offering micro payments and P2P transfers for Babb users.

    Babb Serves the Pandemic
    In 2020, Babb reacted quickly to the COVID-19 pandemic and unveiled its fundraising section which provided overseas fundraising opportunities to those who need it the most.

    Babb Expands Its Reach
    Babb joins the SWIFT payments system as a direct member to expand its financial services to the world with an aim to reach more and more remote areas and better serve the micro-economy.
  • 2021

  • Babb Gets Connected
    Babb gets connected to the UK Payment Systems and gets the SEMI (Small Electronic Money Institution) license to improve its payment infrastructure and offer further financial safety and security.

    Babb Gets Approved by the FCA
    In December 2021, Babb gets the FCA cryptocurrency approval to enhance its service and offer even more financial safety and security to its users. Babb has become one of 22 crypto currency firms in the UK to have received the sought-after “registered” status from the FCA. As one of the registered cryptoasset firms, Babb will be under the responsibility of the FCA when it comes to supervision and enforcement of the anti-money laundering and counter terrorist financing front (FCA, 2021).
  • Read More
  • 2022

  • The Rise of Currency X
    In April 2022, Babb launched its bundle of Currency X™ regulated stablecoins with the addition of GBPx to the Babb app as a start. This move aimed to offer users less fees on cash-in and cash-out while also bringing more stability and security in handling digital funds on the platform. This milestone marked the awakening of Babb 2.0 following the trends of DeFi 2.0.

    BAX Gets an Upgraded Contract
    In June 2022, BAX got an upgraded smart contract that enhanced security, future-proofed the token by making it upgradable, and adding more functionality like multi-chain compatibility. This was achieved while assuring exchange trade is unaffected during the token swap.

    Babb Expands to Eastern Europe
    Towards the end of June 2022, Babb joined forces in signing a business partnership with LHV Bank from Estonia to widen its network and serve even more Europeans from the East.

    Babb Gets Even More Connected
    In 2022, Babb worked on reinforcing the app’s payment infrastructure by getting even more connected to the UK payment system for real-time fiat on ramp and off ramp to prep the scene for the addition of the Currency X™ bundle of stablecoins.

    Babb Takes It a Step Further
    Throughout 2022, Babb was constantly researching the Active Hyperledger Fabric but things are still in R&D and more details will be out in due time.
  • Babb Improves Financial Security
    In 2022, Babb improved security on the app to offer users a more private and safe environment to handle and store their digital funds. A refined eKYC (electronic Know Your Customer) process was introduced along with 2-factor authentication, CAPTCHA checks, and enhanced backend processes such as a new and improved registration flow.

    Babb Setting the Trend
    The year 2022 witnessed a big shift in blockchain and cryptocurrency trends championing a more realistic approach to how we look at blockchain-backed projects. The rise of DeFi 2.0 saw more and more known brands utilizing blockchain for good use. Babb was also fast to act and developed its hybrid wallets with legacy bank accounts and sort codes (SEMI) to bring in the trend and add credibility to its banking experience.

    Babb App Gets a Facelift
    With all the improvements and additions made in 2022, Babb introduced an updated look and feel to the app introducing a new section for stablecoin wallets, new safety features, a new registration flow and prepped the scene for exciting new additions to come.

    The Three-In-One BABB Hybrid Accounts
    In November 2022, BABB Introduced its new Money Accounts and Debit Cards. By adding these fiat accounts, users will have the possibility to manage all their funds in three wallets: Money, CurrencyX, and Crypto making it easy to send, receive, convert, and withdraw their funds in an accessible and affordable platform.
  • 2023

  • Ongoing
    ⊛ Launch the Hybrid Money Accounts & Debit cards
    ⊛ Add CurrencyX trading pairs
    ⊛ Raise Series A equity
    ⊛ Introduce BABB’s own Mainnet project
    ⊛ List BAX in more exchanges (Tentative)

BABB Team

Verified 8%

Attention. There is a risk that unverified members are not actually members of the team

Rushd Averroes
Founder / CEO
unverified

2 ICO

$43 626 827

Jorge Pereira
CTO
unverified
Adam Haeems
COO
unverified
Dean Refaat
Head of Research
unverified
Leonard Seelig
NE Director
unverified
Ani Alexander
Head of Marketing
unverified
Annabel Mellor
Head of Communications
verified
Stuart Hall
Token Sale Marketer
unverified
Jingwei Li
Researcher
unverified
Mai Abdel-Aziz
Middle East Communication Manager
unverified
David Devia
Video Content Creator
unverified
Jocellin Lee
Marketing Manager (Asia)
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Adi Ben-Ari
Lead Technical Advisor
unverified
Rotem Hayoun-Meidav
Technical Advisor
unverified

BABB Interviews

Annabel Mellor
As a team member, сan you tell us about your role in the project? What do you think about idea? Thank you!)
I'm the head of comms - I manage PR, manage our messaging and publish all external communications from our channels including updates and announcements about the token sale and project.

BABB Last News

$ 0.0002
-2.31%
Crypto Stats
Daily, %:
-2.31%
Weekly, %:
-18.45%
Monthly, %:
-0.39%
Market Info
Market Cap:
$ 14.037 M
Volume 24h:
$ 218.358 K
Circ. Supply:
78.5 B BAX
Ticker:
BAX

BABB Reviews

thetechinsider.org
reviews

Summary

To conclude, Babb is the future of decentralized banking. Not only does it use blockchain technology to ensure that all of the money is stored securely, it helps nonbank account holders find an easy way to get set up with their own bank account. Thus, it could have some good value if it continues to follow its plans set out on its roadmap.

Positives
Decentralized Banking: Using blockchain technology, BABB creates a bank account that’s not limited by physical location.
UK Based: Since Babb has gained the right to act in the UK legally, it has a high chance of expanding to more regions in Europe.
No Competition: There are no other ICOs that have the same vision and product as Babb. This means that they have little to no competition.

Negatives
Confusing Roadmap: On the roadmap, it states that Babb will be releasing a product in 2018, but we haven’t seen one as of yet.
Legality: We wonder if Babb is going to be able to expand to the US. The innovation of this ICO might be banned in other major countries outside the UK.

Read More
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