What is BABB (BAX)?
BAX is the native token of BABB, which is a decentralized banking platform. Through its blockchain platform based in London, United Kingdom, it aims to provide access to financial services to all people who don't have access to traditional banks. BABB combines blockchain technology, artificial intelligence, and biometrics to provide access to peer-to-peer financial services anywhere in the world. Besides that, BABB offers its financial services through crowdsourcing, which completely eliminates the need for conventional banks.
As part of its distributed application platform, Babb offers the CurrencyX feature, which is used to tokenize fiat currencies. The aim of this is to make international money transfers accessible and affordable to all.
It's also worth noting that the BABB crypto project is registered with the UK Financial Conduct Authority (FCA) under the MLR. In addition to that, it is licensed with SMI, which allows the platform to provide users in over 60 countries with e-money accounts.
If you are interested in viewing the current BAX price, take notice of the BABB price chart featured above.
Use Cases of BAX Tokens
The BAX token can be used for the following purposes:
- BAX tokens are used to cover transaction processing and data storing fees;
- BAX can be staked in order to run validator nodes on the network;
- BAX is also used as a governance token, which provides voting power when determining the allocation of network resources.
The BABB token is available as an ERC-20 token on the Ethereum blockchain. Don't forget to take a look at the BABB price chart. It features the current and the previous BAX price.
Who Founded BABB?
The founder of the BABB crypto project is Rushd Averroes. He founded the company in the summer of 2016 in order to provide financial services to those with limited access to banks. In 2009, Rushd immigrated to the United Kingdom from Yemen, where he found traditional banks to be less than accommodating. As part of his mission, he created BABB to make financial services accessible to those without any financial infrastructure as well as people with limited access to banking.
BABB was initially supposed to become a working prototype before becoming a full-fledged product. In 2018, the BABB team helped plan and organized an ICO from which over $19 million worth of ETH was raised.
Tokenomics of BABB
The max supply of BAX coins is set at 63 billion, while the initial total supply is 50 billion. The distribution of the total supply is as follows:
- 60% – token pre-sale and sale;
- 20% – core team, advisors, early contributors, and partners;
- 18% – the BABB platform reserve;
- 2% – Bounty Campaign.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
32.53K
Followers: 32,535
0.58%
Following
13
0.00%
Posts count
2,794
0.04%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Subreddit type
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Moderators
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Currently, official BABB (BAX) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
2.52K
Members: 2,526
0.55%
Title
BABB [BAX] Unofficial
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
50 / 100
0.00%
Ahrefs Rank
812,474
3.09%
Organic Traffic (mo.)
859
37.71%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
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Type
-
Currently, official BABB (BAX) GitHub Organization account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
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Watchers
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Forks
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Language
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Currently, official BABB (BAX) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
BABB hot topics
Currently, official BABB Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@getbabb posts