BABB
Last Update
Jan 25, 2018
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MarketPairPriceVolume 24H24H (price)24H (volume)
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KuCoin
BAX/BTC 7 minutes ago-$ 26.344 K11.15%28.18% -
KuCoin
BAX/ETH 7 minutes ago-$ 47.898 K37.48%69.69%
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Bancor Network
BAX/BNT 37 minutes ago$ 0.0002$ 198.763 K19.95%-12.02% -
Idex
BAX/ETH 38 minutes ago$ 0.0002$ 68.93 K15.56%68.20% -
ForkDelta
BAX/ETH 2 hours ago$ 0.0002$ 128.163.57%-96.25% -
LATOKEN
BAX/ETH 6 hours ago$ 0.0003$ 53.95-6.07%- -
LATOKEN
BAX/BTC one day ago$ 0.0003---
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LATOKEN
BAX/USDT one month ago$ 0.0004---
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DDEX
BAX/WETH one month ago$ 0.0003$ 82.17-- -
DDEX
BAX/ETH 2 months ago$ 0.0003$ 69.55--
About BABB
Developers / Businesses
Businesses and developers can create applications to plug seamlessly into the BABB platform. From freelancers employed in the gig economy to global corporations, BABB’s borderless integrated payment systems can reduce the cost of doing business.
End-users
Anyone around the world will be able to open a UK bank account. All you need to do is download the BABB app, take a selfie and read a passphrase for your voice print. With this account, you can access an almost limitless choice of banking services at low cost.
Central Banks
Central banks can leverage BABB's technology to start implementing local digital currencies for the micro-economy in a regulated ecosystem. This will enable them to offer citizens access to international remittances and payment gateways.
Token Sale Participants
The BAX token is the native currency of the BABB platform. Token sale participants can buy and hold this currency and benefit from the huge value of the platform.
Features
Decentralised banking platform will enable anyone to open a bank account and crowdsource financial services:
A mobile app with global connectivity, The Black Card, Social KYC
BABB Roadmap
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January 2016
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Applied for two patents: facial and voice recognition for opening a bank account
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April 2016
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Seed funding: $1M
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June 2016
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Accepted and moved in Level39 Incubator in London
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November 2016
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Biometrics tested. Start MVP development. UX of the app designed
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December 2016
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Applied for a patent: Prepaid bank account smart card
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January 2017
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Dinancial model + Investor business plan
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May 2017
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Moved into new office. MVP development
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September 2017
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Filed application pending for two more patents: unique bank account based blockchain technology, microeconomic digital currency issuance and exchange protocol
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October 2017
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Black card concept design
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January 2018
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Pilot: Central bank (MENA region). Develop the Black card channel. Deliver MVP with simple backend
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February 2018
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V1 App launch with Proper backend
Team
Verified 8%
Attention. There is a risk that unverified members are not actually members of the team
Advisors
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
BABB Interviews
Last News
BABB 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.
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