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Babb (BAX)

ICO

Babb is a Bank Account Based Blockchain.

IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industryFinance Services & Banking
Product typeEcosystem
FoundedUnited Kingdom, 2010

What is Babb

By downloading the BABB application for smartphones, everyone will have the opportunity to quickly create a personal bank account and monitor all their financial transactions anywhere in the world, a user only needs to connect to the Internet. BABB also supports popular banking functions (payments, transfers and other P2P transactions using smart contracts). Besides all this, platform users can earn on their own means, providing P2P services, as banks do.

The black BABB card guarantees the user safety and convenience in the calculation. The BABB card will be directly linked to the user's account in the bank via QR code or NFC.

All payments, licensing and other services on the BABB platform will be carried out on the basis of BABB tokens. If the user does not have BAX tokens, it is possible to purchase the necessary amount from banks on the BABB platform, on exchanges, or from other users.

Details

Pre-sales: Jan 14, 2018 - Feb 14, 2018
Token supply: 30000000000
Hard cap: 20,000,000 USD
Raised: 20,000,000 USD

Legal

Registration country: United Kingdom
Registration year: 2010
Office address: Level 39 One Canada Square Canary Wharf London, E14 5AB, UK

Bounty

Bounty: 2%

Token info

Ticker: BAX
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 Token = 0.001200 USD
Accepted currencies: ETH
Bonus program:
15% discount on the first 1 billion BAX tokens sold
Day 1 20% discount
Day 2-7 10% discount
Day 8-14 5% discount
Token distribution:
60% - Public Sale
20% - Team
18% - Foundation
2% - Bounty Campaign
Funds allocation:
30% - Development
20% - Operations
20% - Marketing
10% - Legal
10% - Reserve
10% - Working Capital

Babb Roadmap

1
January 2016

Applied for two patents: facial and voice recognition for opening a bank account

2
April 2016

Seed funding: $1M

3
June 2016

Accepted and moved in Level39 Incubator in London

4
November 2016

Biometrics tested. Start MVP development. UX of the app designed

5
December 2016

Applied for a patent: Prepaid bank account smart card

6
January 2017

Dinancial model + Investor business plan

7
May 2017

Moved into new office. MVP development

8
September 2017

Filed application pending for two more patents: unique bank account based blockchain technology, microeconomic digital currency issuance and exchange protocol

9
October 2017

Black card concept design

10
January 2018

Pilot: Central bank (MENA region). Develop the Black card channel. Deliver MVP with simple backend

11
February 2018

V1 App launch with Proper backend

Project team

Rushd Averroes
Rushd Averroes
Founder / CEO
Rushd Averroes linkedin
Jorge Pereira
Jorge Pereira
CTO
Jorge Pereira linkedin
Adam Haeems
Adam Haeems
COO
Adam Haeems linkedin
Dean Refaat
Dean Refaat
Head of Research
Dean Refaat linkedin
Leonard Seelig
Leonard Seelig
NE Director
Ani Alexander
Ani Alexander
Head of Marketing
Ani Alexander linkedin
Annabel Mellor
Annabel Mellor
Head of Communications
Annabel Mellor linkedin
Jingwei Li
Jingwei Li
Researcher
Jingwei Li linkedin
Mai Abdel-Aziz
Mai Abdel-Aziz
Middle East Communication Manager
Mai Abdel-Aziz linkedin
David Devia
David Devia
Video Content Creator
David Devia linkedin
Paul Johnson
Paul Johnson
CIO
Paul Johnson linkedin
Luís Fraga
Luís Fraga
Lead Product Manager
Luís Fraga linkedin
Luís Oliveira
Luís Oliveira
Creative Director
Luís Oliveira linkedin
Nuno Rocha
Nuno Rocha
Head of Engineering
Nuno Rocha linkedin
João Gonçalves
João Gonçalves
Senior Software Engineer
João Gonçalves linkedin

Advisors

Adi Ben-Ari
Adi Ben-Ari
Lead Technical Advisor
Adi Ben-Ari linkedin
Rotem Hayoun-Meidav
Rotem Hayoun-Meidav
Technical Advisor
Rotem Hayoun-Meidav linkedin
Peter Cox
Peter Cox
Peter Cox linkedin
Thomas Brooke
Thomas Brooke
Thomas Brooke linkedin
Ricardo Abreu
Ricardo Abreu
Ricardo Abreu linkedin
Paolo Giudici
Paolo Giudici
Paolo Giudici linkedin
Georgi Georgiev
Georgi Georgiev
Georgi Georgiev linkedin
Bart Norre
Bart Norre
Bart Norre linkedin

Social media

Babb web-siteBabb MediumBabbYouTubeBabb TelegramBabb BTCTalkBabb LinkedInBabb TwitterBabb Facebook

User rating:

5/5 ( 1 )
0

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