BABB

People try to save money for something since childhood. At the age of 10 people save money for a new bicycle, at the age of 20 – for a motorbike, at the age of 30 – for a car or a flat. Any age we need a reliable place to keep our savings. And it’s much better if the savings are stored up on its own. The majority of people choose bank deposits as the most secure place of passive store up.

In this situation BABB platform is a wonderful resource aimed at making dreams of ordinary people come true. Anyone who feels like it in any part of the world will be able to have a direct access to a British bank account using the service. Such a connection is planned only for single-rank types of banking services. Of course, in order to make the platform entirely revolutionary it was based on blockchain technologies which created a perfectly decentralized system, biometry and AI. Thus, it is fair to assume that we will be able to deposit in British banks and not only in local banks as it was earlier very soon.

The popularity of online-banking is growing rapidly. Our novelty in the sphere of such technologies has been being worked out for a very long time by a team of highly-skilled professionals, that’s why it may be said that the platform is a new generation, a new word in the sphere of payments system. Operations security is guaranteed by the introduction of the Smart contract system. Anyone who feels like it will be able to conduct transactions very soon using a system card in minutes and seconds.

Who will benefit from BABB platform?

The platform was meant to pay for the job of freelancers, but when in use it became clear that it will be convenient for large corporations to use the platform too. User identification will take place via Smartphone application; all the users will join the ranks of participants in the system. It is of importance to note that a reliable powerful exchanger will be installed in the application. The system’s uniqueness is that the system itself would find the closest users who are ready to exchange currency with you and will connect you with each other using the geolocation.

Platform’s advantages

A complete absence of mediators in currency trading. Thus there is the time and cost saving. There’s no need to wait for the end of lunch hour in the bank or to go somewhere else – the transactions can be agile. All the banking of the world will be, so to say, placed in your Smartphone. Social networks give necessary visibility to sales management. Online purchases would become more convenient!

Each businessman who knows about the existence of the platform will be able to integrate its payment technologies into the business activity. One more platform’s advantage within this framework is the possibility to bridge the gap between the digital and real world. It would allow introducing the innovative technologies into life in a very effective way getting an obvious advantage from it.

Platform’s advantages

A complete absence of mediators in currency trading. Thus there is the time and cost saving. There’s no need to wait for the end of lunch hour in the bank or to go somewhere else – the transactions can be agile. All the banking of the world will be, so to say, placed in your Smartphone. Social networks give necessary visibility to sales management. Online purchases would become more convenient!

Project concept

The BABB platform implementators steadily make their way towards their aim – the formation of ecosystem for the development of the most advanced microeconomics. The platform is an open resource. Any businessman who feels like it will be able to receive the supported currencies and to use them anywhere on a short-term horizon. A lot of attention is paid to the product’s interface. It is as convenient as possible not only for the large companies, but also for ordinary people in everyday life.

How to use the BABB platform:

-The implementators adopted the so-called Black Card into the system. This is a decentralized payment service which is pegged to a real bank account. This is the platform’s principle. Thanks to Black Card you will get the unlimited possibilities of online purchases. A great advantage is the accessibility to any part of the world;

-In order to send and get the instant money transmission that are possible unlimited. For that you can use either fiat or digital currency;

-Anyone who feels like it will be able to have an account in British banks with the help of KYC. The login would be in that case available only via Smartphone. Also you have a possibility to confide someone the account management; it is also possible using the same KYC.

How to set up an account?

First of all you need to download the system application. Then you need to undergo all the identification procedures in order to provide the safest account use conditions possible. On top of that you will need to get a selfie and make a sound clip with a trigger phrase. The opening of system’s unlimited possibilities would be a recompense for the efforts. First of all – access to a wide range of banking services which was not available earlier for a variety of reasons.

Token

The name of the token is beautiful enough; in any case it’s easy to remember – BAX. How much will the coin cost is still unknown (it is expected that the implementators will upload the prices shortly before the market launch).

According to the information given in the whitepaper it is planned to release 50 billion tokens on the whole. The maximum for ICO holding (Hard Cap) fund raising is 50 million dollars; but the amount of Soft cap sum is not given anywhere. Evidently, the team has no doubt in its success and worries that not all the eager will be able to purchase tokens.

How will the tokens be distributed?

60% will be given to the sales immediately.

18% – safety net. A compulsory measure to support the liquidity of token in the beginning.

20% – the money of the first investors and the team. It’s decided to tie them up for a year; after that the money would be gradually given back to the owners once in the half year. Every time the owners will be given back a quarter of the sum.

Two more per cent would be given to affiliate programs in social networks (bounty).

Team

A lot of attention is paid to the team and consultors. Each platform participant has LinkedIn profiles. 15 team members and 8 consultors are represented on the website. It is notable that many of them including the founder have a command of several languages and the CEO is the Master of Finance in Cambridge.

Website

Unfortunately it is available only in English. The design can be ranked at 8 on a scale from 1 to 10. Almost all the links are clickable. A lot of attention is paid to the team. The technologies of “Black Card” are described in a very detailed way and are clear for ordinary people. The signing up on the website is available via e-mail.

On the basis of the information given on the website the company has a registered office in London.

Whitepaper

Available in two versions – light (5 pages) and full (56 pages). In full versions there is a lot of text and quite a bit of infographics (although it’s convenient). The whitepaper is available only in English.

Roadmap

It’s easy to understand, written on the website up to the end of 2019, quarterly, in a very detailed way. The team has planned to massively adopt Smart contracts in Arab states with the leading technologies in the sphere of artificial intelligence and biometry.

Social networks

It is seen from the activity in social networks that the team doesn’t think about fast media hype by the firm injections in bounty. At the moment the majority of the activity can be observed in Telegram – 8194 subscribers. The company has a really well done Youtube channel – 33 professionally recorded videos and only 293 subscribers. It may say only about the fact that the team is absolutely sure in its success and its product and doesn’t need to screw on views in order to have their own public of followers. They have Twitterprofiles – 3970 followers, Facebook, Medium and LinkedIn profiles.

Pros:

– The system maintains all the classical banking functions including payments and transactions, cash input and withdrawal.

– Each member of BABB community, either an entrepreneur or an ordinary private person would be able to control his own money remotely in any part of the world.

– Any person would be able to create a real bank account without any ID documents using the Smartphone.

– Moreover, the system users will get an income providing the so-called single-rank services such as currency exchange and loans.

– The BABB Black Card system is worth noting individually. On a short-term horizon the retailers would use in their work BABB cards. The card is good by the simplicity of its usage – all you need is to download BABB application and use the QR-code.

Conclusion

So, banks that admit BABB as a new successful operating system would be awarded by the possibility to issue their own currency. This will let on local level the binding of cost of digital coins to national currencies of banks which would launch the process of national cryptocurrencies development. Now it is hard to imagine but it will happen sooner or later. The exchangers would adapt on a particular locality. And BABB platform in this case would be one of those who worked at ground zero of the new world of finances. Project’s grade – 9 of 10.

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