Topic: [ANN][SOLD OUT] BABB - Bank Account Based Blockchain - page 62. (Read 45141 times)

Check out the update from BABB on their stop of in Italy - https://www.youtube.com/watch?v=AKA3YC3gotQ&t=2s

Unsold tokens will be burned. Total supply is 50 billion BAX.

Hi, what is going to happen with the unsold tokens and what is the total supply? Thanks.

BABB includes much of the same functionality, but operates independently of Visa and Mastercard. Payments can take place between any parties on the BABB app - merchants need only a BABB account to receive instant payment from customers. In practice, you can exchange crypto on the BABB platform and spend it, similar to how you’d use a TenX card or Tokencard.
exchange that follows regulation can choose to accept GBP easily, similar to how they integrate cryptocurrencies.

Visa/MC have dominance in the first world. There are many countries who have skipped the 3rd generation of payment methods and are ready for us.
We are indirectly competing with them since we are taking part of the cake which they are not tackling at all... in fact, it’s another cake all together.


Recent changes in the ICO market have given us cause to reflect. We want to define the structure of the token sale based on a more frugal approach and a desire to hold ourselves accountable to token buyers. We have decided to split our token sale into two phases, with the second phase contingent on the completion of certain deliverables.This will be no earlier than 2019
This approach maximises value for early participants, links the release of tokens to the app use and token utility, and holds us to account for developing the tech, obtaining a banking license and securing internal partnerships.

Hello! The hardcap on the presale is 20 Million and the app is due to be released later this year, you can check out the roadmap here - https://getbabb.com/roadmap


I would suggest you join our Telegram community for more information and discussion on the project - https://t.me/babb_official

hello babb. may i know your pre sale's hardcap? and do you have any partnership with?
also im curious with the app, is this already available to download or not yet?

hi, thanks for the clarification.. now i wanted to know if how many pahses do they have for the ico? because you said 20m is the hard cap for phase 1. meaning there will still be phase 2 right?

How blockchain will be the link between the modern and 3rd world

You may have heard before how in countries like Zimbabwe, Bitcoin's go for hundreds and sometimes thousands more than US/Asia/EU exchange rates. At first glance it just sounds like insane over-pricing, but the reasons behind this are valid, and actually pretty sad to hear.

After near total economic collapse in 2008 with their currency experiencing 11.2 million percent hyperinflation and fears of it happening again, the government has taking a "full control" stance on everything financial, even locking their citizens out from using any credit card transactions.

This has sent people flocking to bitcoin for financial security, all while at the same time fears of new rounds of hyperinflation circulate.

In other words - after being locked out from Visa and Mastercard, and a government providing totally untrustworthy paper FIAT cash that could become worthless at any time, Bitcoin is a shining beacon of hope.

A similar dynamic is happening in Venezuela, it's being called "Bitcoinization" - basically, when a government screws up so badly, people stop looking towards them all together and turn to the blockchain to provide the oversight their government isn't.

Just a couple weeks ago, we covered a story where the government of Venezuela even began blaming Bitcoin miners for city wide power outages, as the popularity of cryptocurrency grows while the value of their dollar declines.

In a surprising twist - this has made actual daily use of cryptocurrency common in countries like Venezuela, buying a beer at a bar or even paying for a doctors appointment in bitcoin is part of daily life there now.

And it shows in their transaction volume - this time last year about $200,000 week was being spent within Venezuela - that number is now at $2,100,00!


Surprisingly, some 3rd world countries have even gotton creative, creating what is basically cryptocurrency out of other
digital assets like cell phone minutes. In poor nations where cell phones function on pre-paid minutes, want a gallon of milk? You can pay for that by transferring 60 minutes of cell phone time from your account to the sellers.

In developed nations while we're experiencing a battle and endless debates over crypto VS fiat - these underdeveloped nations are ready to make the switch now.

That's where crypto companies like BABB (GetBABB.com) are stepping in, reaching out to the 2+ billion who have access to a phone, but unreliable, or no banking at all.

BABB however is taking things up a notch from simply allowing the sending and receiving of cryptocurrency - they're turning the user into a bank themselves, and are giving the ability to have friends, family, neighbors open accounts in their new virtual bank - and even issue them cards.

We've seen examples of this before, where nations skip entire portions of usual development.  In 3rd world countries where cell phones are common - land lines are not.  Corporations never came in and built the infrastructure needed for land lines - but cell phone companies did come in and put up towers.  The same could happen with banking and cryptocurrencies.

These nations may never see a physical bank built in their city - but soon may have fully functional banking on their phones - thanks to the blockchain.

http://www.globalcryptopress.com/2017/12/how-blockchain-will-be-link-between.html

Ok, there are lots of projects offering bank services. What is your main advantage?

Hey StarLight.
Have you tried to post your feedback on the bounty channel as well?
This the general thread of BABB, There isn't much we can do here.
Please feel free to post your feedback on the BABB bounty Telegram channel as well.

A great article on the potential of BABB -https://medium.com/@jacobpapageorgiou/babb-bring-back-the-power-to-the-people-e1ca0a2d8afc

These new rules on twitter and facebook in the company's bounty just drive me crazy! Well maybe even fewer people will now participate

 BABB wishes you a Happy New Year!
 First team meeting of the year! All set and ready to get to work . Happy New Year everyone! (Thanks to our youngest ‘intern’ for the picture)

 

Please post any Bounty related queries here: https://bitcointalksearch.org/topic/bounty-endedbabb-bank-account-based-blockchain-up-to-1m-in-bounties-2349361

And if the hardcap was reached? The bounty rewards is upto 1m$ right?

Hey there gsg07!

Thank you very much for your kind words and support!

Feel free to join our official Telegram channel and also to follow us on Twitter.

The HARD CAP for PHASE 1 is $20 million.
The pre-sale opens on January 15.

You can join us on Telegram, we have a good community on there: https://t.me/babb_official

Interesting project! I wish you to success your hard cap!

Maybe 20m usd is the soft cap of their project and i also want to know the hardcap of this project and when is the exact date of presale?