Welcome my friends to a new interesting ICO today and let’s see their great idea:
The World Bank for the Micro-Economy
BABB is the decentralized bank for the microeconomy, furnishing people and organizations with a UK financial balance, fueled by blockchain innovation. The record is overseen by means of a cell phone application and gives access to a decentralized installment card. What’s more, associations with national banks take into account the incorporation and issuance of other advanced monetary standards around the globe, additionally empowering nearby smaller scale economies and extending the range of the BABB arrangement and its basic BAX token.
The team vision, mission and path:
The World Bank serves the macroeconomy, while BABB is the World Bank for the microeconomy. The venture aspiration is a generally basic one: everybody on the planet ought to have the capacity to open a UK financial balance.
BABB use blockchain, biometrics, and machine figuring out how to offer progressively decentralized managing an account administration for individuals over the globe. Notwithstanding foundation, area or wage, BABB will offer a UK ledger to anybody on the planet, helping increment monetary consideration and social coordination, while likewise enabling neighborhood economies to create riches for themselves. The undertaking will interface individuals and organizations to a frictionless new worldwide money related framework which changes the current smaller scale financial biological community through cutting-edge innovative, social, practical and administrative abilities. By joining social availability with open managing an account (social keeping the money), the group is building a worldwide saving money organize the encouraging universal coordinated effort and between group engagement.
Fundamentally, BABB is building a decentralized bank controlled by the blockchain, working a full hold and coordinating computerized monetary standards all around the globe. The BABB platform has huge potential for growth, through the three main touch points of the BABB app, the Black Card and Social KYC.
The project key advantages:
UK Regulated, Global Bank Account Based on Blockchain
BABB will offer a financial balance on the BABB stage, consistent with UK directions, accessible to any qualified individual or business on the planet, immediately, without the requirement for a UK address or record as a consumer.
SEPA and UK Faster Payments
With your UK BABB account, you will encounter consistent change between inheritance managing an account and your blockchain-based financial balance. Notwithstanding the standard cryptographic address, BABB Accounts are issued an IBAN for european and worldwide bank wires, and in addition an Account Number and Sort Code for UK national exchanges.
By means of the BABB Mobile Application, anybody can rapidly make a ledger as effortlessly as “taking a selfie”, with no ID archive required to open a fundamental wallet. Transfer one type of ID or get alluded by somebody who is completely checked in the framework to get access to your own essential ledger.
The BABB Black Card is a protected installment card that connections straightforwardly with your BABB financial balance by means of a QR code or NFC. It permits both a charge like usefulness, or it can be issued as a prepaid card for your loved ones. This approach enabled us to outline a basic yet rich card with no requirement for a chip and stick.
The project technology:
1)Central Bank-issued Digital Currencies
- Economic stability
- Borderless payments
2) Social KYC
- The network effect
3) Central Bank
- Removing barriers to access
- Creating fully banked communities
The project roadmap:
Applied for two patents: Patent GB1601328.6: Opening bank account using facial recognition biometrics / Patent GB1600905.2: Opening bank account using voice recognition biometrics
- Seed funding: $1M
- Accepted and moved in Level39 incubator: One Canada Square, Canary Wharf, London
- Biometrics tested
- Start MVP development
- UX of the app designed
Applied for patent: Patent GB1622281.2: Prepaid bank account smart card
- Financial Model + Investor Business plan
- Moved into new office Level39 Incubator High Growth Space (42nd floor)
- MVP development
- Filed application pending for two more patents: Unique bank account based blockchain technology / Microeconomic digital currency issuance and exchange protocol
- Black card concept design
- Pre-sale and crowdsale
- App Launch
- Second phase of token sale
- Releasing new features on the BABB app
- Implementing advanced Social KYC using AI and behavioral biometrics
The BABB group is an assorted gathering of visionaries spreading over a particularly wide scope of experience, learning and societies from over the globe. The group incorporates effective blockchain business visionaries with a demonstrated reputation, national financiers, speculation brokers, information researchers, crypto speculators, specialists and architects.
- Rushd Averroes – Founder, CEO
- Jorge Pereira – CTO
- Adam Haeems – COO
- Paul Johnson – CIO
- plus the BAAB team & advisers
- Token: BAAB
- Abbreviation: BAX
- Platform Ethereum
- Accepting: ETH
- Supply: 50b BAX
Tokens Sale Availability:
- Start date: 6.Feb.2018
- End date: 6.Mar.2018
About the author
My passion for everything that means cutting-edge technology, blockchain, cryptocurrency, ICOs and not only made this article to be alive. I’m Alex Hummels and I wish you “happy reading” of others of my articles. Thank you all.