ICO REVIEW - Babb (BAX)
Hi Steemians! Welcome to todays ICO Review. In this review, we will be looking at Babb, the world bank for the micro-economy. Babb are an up and coming platform, revolutionising money transfer around the world.
What is Babb?
Babb are a decentralised banking platform that leverage Blockchain, Artificial Intelligence, and Biometrics, to offer anyone in the world access to a UK bank account which can be used for peer to peer financial services. With over 2 billion people still unable to access a bank account, Babb aim to bank the unbanked and allow everyone to have an equal opportunity to access funds and use those funds where see fit. With a simple facial verification and passphrase via a mobile, anyone in the world can create a bank account with Babb which can store and spend both Fiat and Cryptocurrency.
Project overview:
Who are they?
When assessing an ICO project, it is important to investigate the team behind the project. The team at Babb are a diverse group of individuals which combined, have a broad range of experience, knowledge, and culture from all over the world. The Babb team are broken up into Blockchain Entrepreneurs, Central Bankers, Investment Bankers, Data Scientists, Crypto Investors, Researches, and Engineers. There is also a very diverse range of advisors behind the project which shows there is a strong following at Babb and a promising future for the project.
What do they do?
Babb are changing the world by bringing power to the people using blockchain, artificial intelligence, and biometrics. Since 2016, they have been working towards creating a platform which provides the same power as a bank, to an individual consumer. With their consistent research and innovation, they have been able to build a borderless network which allows participants to use social connectivity to transact, trade, innovate, and issue currency for business or personal purposes. Babb aim to empower the micro-economy by creating new tools and and opportunities to help accelerate global growth, which will unlock a huge step in human evolution and encourage entrepreneur-minded individuals to pursue their dreams.
What products do they offer?
Babb offer a multitude of opportunity:
- The Babb App (Used to open a UK bank account from anywhere in the world by taking a selfie and setting a passphrase)
- The Black Card (Bridging digital and physical money, allowing secure payments via a QR code or NFC tag)
- Bax Token (Native token which will be used throughout the platform for a multitude of purposes)
- Technology (Multi-jurisdictional, Economic Stability, Regulation-friendly, Borderless Payments and Social KYC)
Video Review Presentation
The points summarised in this article are also covered in my ICO review video which you can check out below!
Conclusion
In conclusion, I believe what Babb are doing is quite unique and revolutionary. As long as everything goes as planned, this project should be very successful. Obviously, it will depend on funding, regulations, legal parameters, adoption, and team contribution, but if everything falls into place, this will take off.
I believe it is worth taking a look at the Babb platform as it is still in early stages. Next year should be a great year for Babb.
Check out the resources below.
Babb (BAX) | Website
https://getbabb.com/
Babb (BAX) | Whitepaper
https://getbabb.com/babb-whitepaper.pdf
Babb (BAX) | Token Sale
https://getbabb.com/token-sale
Signing off
As always guys, do your due diligence before making any investment decision. This is NOT financial advice and I am not a financial adviser. I make this post, simply to educate viewers on the upcoming Babb ICO and all the information surrounding the project. What you do with your money is at your own discretion.
I wish you all the best.
If you have any questions, leave them in the comments below.
Cheers
Ben Riley
The_Crypto_God
They are creating something which will be opposed by Rothschild banks
I think that the concept given in this project is good and I hope the future will be smooth and the success for this project is assur. I'm BAX holder on idex and expecting more exchanges to come:)
Good information, I think is a good project and will have success, we have to be patience and HODL!