BABB (BAX) offers blockchain-based banking services for the global unbanked population. More
| Fully Diluted Valuation | $2.28M |
|---|---|
| 24H Trading Volume | $27,847 |
| 24H Low / High | $0.00002848 / $ 0.00003031 |
| Circulating Supply | 79.50 B |
| Total Supply | 80.00 B |
| Max Supply | 100.00 B |
| Categories | Ethereum Ecosystem |
|---|---|
| Founder | Rushd Averroes 1 more |
| Website | getbabb.com Whitepaper |
| Socials | 4 more |
| Chains | Ethereum Ecosystem |
| Explorer | Etherscan 2 more |
| Contracts |
0xf92....ac135
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| Name | Pair | OG Score |
|---|
BABB (BAX): A Pathway to Financial Inclusion
BABB (BAX), an abbreviation for Bank Account Based Blockchain, emerged in 2017 with a bold mission: to revolutionize banking for the global unbanked. Led by founders Rushd Averroes and Jorge Pereira, BABB sought to harness the power of blockchain technology to provide accessible, low-cost banking services to individuals and businesses worldwide, particularly those excluded from traditional banking systems.
Empowering the Unbanked with Blockchain Technology
At the heart of BABB's vision was its use of blockchain technology to create a decentralized banking platform. This approach allowed BABB to offer financial services without the need for costly infrastructure, making banking more accessible to underserved populations. By leveraging blockchain, BABB aimed to reduce transaction costs, increase transparency, and provide secure financial services to users globally.
A Secure and Transparent Banking Experience
One of BABB's key features was its robust identity verification system. Through this system, users could securely establish their identities, a critical step in accessing financial services. By utilizing blockchain for identity verification, BABB ensured a high level of security and transparency, enhancing trust among users and regulators alike.
Building a Global Banking Network
BABB's ambition extended beyond providing basic banking services. The platform aimed to create a global banking network, enabling users to send and receive money internationally at low costs. This global reach was a fundamental aspect of BABB's mission to serve the unbanked, offering them the same financial opportunities as those in more developed economies.
The Role of the BAX Token in the BABB Ecosystem
Central to BABB's ecosystem was its native token, BAX. The BAX token served as the fuel for the platform, enabling users to access various services, make transactions, and participate in the BABB community. Through the BAX token, BABB aimed to incentivize user participation and create a self-sustaining financial ecosystem.
Investors and Partners Supporting Financial Inclusion
BABB's vision attracted a range of investors and partners who shared its commitment to financial inclusion. Vinay Gupta, a former strategic advisor to BABB, and organizations like BlackPearl.Chain and SingularityNet were among those who supported BABB's mission. These partnerships and investments underscored the broader industry's recognition of the importance of providing banking services to the unbanked.
Challenges and Future Prospects
Despite its ambitious goals, BABB faced challenges, including regulatory hurdles and competition from traditional banks and fintech companies. However, the project's vision and innovative approach to banking positioned it as a potential disruptor in the industry. With its focus on financial inclusion, blockchain technology, and global reach, BABB remained poised to make a meaningful impact on the lives of the unbanked around the world.
BABB (BAX) aims to revolutionize banking by providing low-cost, blockchain-based services to the global unbanked population, ensuring financial inclusion.
Rushd Averroes and Jorge Pereira are the founders of BABB (BAX), which was launched in 2017 to address financial exclusion.
BABB (BAX) has received support from investors like Vinay Gupta and partnerships with organizations such as BlackPearl.Chain and SingularityNet.
You can buy BABB (BAX) on MEXC, KuCoin cryptocurrency exchanges.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of BABB (BAX) is ($79,500,000,000), max supply of BABB BAX is ($100,000,000,000) and the market cap of BABB BAX is ($2,262,225).
What is the BABB (BAX) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of BABB (BAX) is $0.00002846. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
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Does Coin (BABB BAX) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does BABB (BAX) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
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