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#Blockchain, #Technology All projects

BABB: Everyone is a bank.

Everyone is a bank acount based blockchain acount based blockchain.

stage Ended crowdsale

3.9 Rating

by 5 users


    KPLs

    • Employees23

    Team

    15
    man Rushd Averroes

    Founder / CEO

    Rushd is founder and CEO of BABB, leading a diverse team of industry veterans to make his vision a reality. He is a financial inclusion specialist and has an MA from University of Greenwich in Microfinance and Financial Inclusion. Before that, he attended the Ecole Polytechnique de Lausanne and was awarded an IT Science Degree in 2006. Rushd has managed a highly successful Authorised Payment Institution (API) in the UK - Wowpaymobi.

    man Jorge Pereira

    CTO

    Jorge is technologist and serial entrepreneur, with extensive experience in developing technology projects in a variety of areas, for local and global markets. He founded Seegno in 2008, a world-class web application development firm, where he remains as an Advisor.
    In early 2014 Jorge joined Uphold, where as CTO he was responsible for the design and architecture of the whole technology stack, as well as UI and UX of its products. Ever since, Jorge has focused intensively on Fintech, developing products and technology related to Cryptocurrencies, Distributed Ledgers, Regulatory Compliance, KYC/AML, Fraud Prevention, Risk Mitigation, Trading, Hedging, Bank Integrations and other areas related to fintech platforms and applications.
    In late 2017 Jorge founded FintechServer, which helps fintech companies bring products to market faster and more securely, and also co-founded fintech startups Wayfex and LoyalChain.

    man Adam Haeems

    COO

    Adam is responsible for the daily operations of BABB. He has a Master of Finance from Cambridge University (Judge Business School) and joins BABB fresh from an accomplished trading career at Bank of America Merrill Lynch and a $1bn global macro hedge fund (QCM). He is passionate about financial inclusion and improving market efficiency within the microeconomy.

    man Paul Johnson

    CIO

    Paul is a technological evangelist and has held CIO and COO positions in companies such as Aldermore Bank, Lloyds Bank and GMAC FS. In addition to his executive experience in banking and payments, Paul is an iNED on the Board of a foreign bank and has served in the Royal Navy. He also enjoys sport and travelling with his wife and six children.

    man Dean Refaat

    Head of Research

    Dean's goal is to launch BABB in the UK and then penetrate markets in the MENA region. He gained his experience in banking regulation and economic risk mitigation as a banking inspector at the Central Bank of Egypt. He then became an independent researcher and has received his master’s degree in ‘Philosophy and Public Policy’ from the LSE.


    Advisors

    8
    man Adi Ben-Ari

    BABB Advisory Board

    Adi has been extremely active in the blockchain space for a number of years, having co-founded Applied Blockchain and number of other blockchain start-ups. Adi has overseen delivery of over 15 blockchain solutions for both start-ups and large corporates. Adi has extensive experience in enterprise technology spanning almost two decades, including working for one of the UK's largest banks. He is a recognized expert in the blockchain field, talks frequently at conferences and industry forums.

    man Peter Cox

    BABB Advisory Board

    Peter is collaborating with BABB in matters relating to innovative banking channel development. He is Executive Chairman of Contis Group, a provider of alternative banking and payment solutions, providing end-to-end banking and payment programmers to many financial institutions in UK and Europe.

    man Thomas Brooke

    BABB Advisory Board

    Thomas Brooke is a US licensed attorney and technology executive with a track record of success guiding companies from start-ups to growing and sustainable businesses. General Counsel experience, including SEC private financings, IPOs and mergers/acquisitions, with significant international business experience. Thomas serves as Of Counsel for emerging technology companies, innovators and entrepreneurs from around the World with a focus on fintech and blockchain-based ventures. He has a B.S. from Santa Clara University and a J.D. from the University of Oregon Law School

    man Ricardo Abreu

    BABB Advisory Board

    Ricardo is a digital project manager who is helping BABB tell its story via effective digital media projects. He has a Masters in Digital Communication and Media from the University of Trás-os-Montes and Alto Douro (UTAD). Ricardo has spent the last few years creating innovative digital strategies for corporates and startups across the technology sector.

    man Professor Paolo Giudici

    BABB Advisory Board

    Paolo and his team are supporting BABB in the development of data analytics to score P2P loan risk, and identify on-boarding identification methods using personal, private and public data. Paulo is a Professor of Statistics and Data Science. He is a well-known and highly cited author of data mining books and network modelling research papers. Paulo is currently consulting on big data and machine learning as applied to banking and finance, and sees himself as an artist: "statistics is the art of data science".




    Crowdsale details

    Distribution of tokens
    • Crowdsale (60%)
    • Team (20%)
    • Plartform Reserve (18%)
    • Bounty program (2%)
    Details Indicators
    Token Symbol BAX
    Full Token Name BAX Token
    Pre-crowdsale Start December 20th, 00:00 GMT+03:00
    Pre-crowdsale End January 25th, 00:00 GMT+03:00
    Crowdsale Start February 5th, 00:00 GMT+03:00
    Crowdsale End March 5th, 00:00 GMT+03:00
    Domain registration date 2016-06-14
    Domain owner Registration Private, Domains By Proxy, LLC, DomainsByProxy.com 14455 N. Hayden Road, Scottsdale, Arizona, UNITED STATES

    Cost of the token

    1 token for 0.0012 $

    Price without discounts

    Accepted currency

    • Ethereum

    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    5
    William Anderson April 15, 2018
    Rating of project
    3.3

    Advantages

    The video content shared is explanatory and it plays a role in making potential investors know about the services provided by the plat form even before they get to read the white paper. The centralized system of banking has allot of loopholes which should be taken advantage of. More people will be able to keep their money safely and have control over it. Research has been carried out and the target market is known to the team member.

    Risks and disadvantages

    The presented road map doesn't show a good image of the team and only displays the incompetence because the time frame and activities haven't been stated perfectly. Advertising hasn't been carried out effectively and will hinder the potential growth of the project and attracting investors.

    Comments

    Many investors do not take time to read the entire whitepaper because of the too much content involved it s therefor advisable to get a yellow paper or one paper that is more detailed and easy to for the investor to read through. The current bank system is not transparent and trust worthy this will make a shift to a decentralized system of banking much easier than expected. Competitive advantage should be established in order to have market monopoly.

    Alexandr Gonchar April 10, 2018
    Rating of project
    3.8

    Advantages

    It is a good idea, which embrace all advantages of cryptocurrency. A decentralized bank can solve many problems in countries with developing economies and without developed banking infrastructure.

    Risks and disadvantages

    The best time for implementation this idea was three years ago. Now for opening such service it is necessary to get a great number of licenses, permits and other documents. It is impossible to legally provide such services without all papers.

    Comments

    The project can be successful in some regions where authorities not consider necessary for companies to have licenses for such financial services. The team is experienced enough and well-known, so under certain conditions things will work out.

    Sofia Medda April 02, 2018
    Rating of project
    3.8

    Advantages

    The idea is interesting. And the team seems to be professional.

    Risks and disadvantages

    I think the team needs more detailed roadmap and a business plan including possible obstacles and solutions.

    Comments

    Is it legal? I mean if the project grows and there are many users lending big amount of money, won`t the governments just block the platform?

    Veronika Arbisman March 28, 2018
    Rating of project
    4.2

    Advantages

    Offers UK bank account to anyone in the world. Account is managed via smartphone app and provides access to a payment card. Use of bio-metrics and artificial intelligence will make it more safe. Empowering local economies to generate wealth. Can serve in a way traditional banks can not.

    Risks and disadvantages

    Offers UK bank account to anyone in the world this can be a risk as well. How the security works in case of loss of the smartphone?

    Comments

    Growing traffic statistics shows constant increasing interest in the project, what probably says about its actuality. There are several really appealing ideas in the project. Worth of paying more detailed attention.

    Jordan Semanda March 28, 2018
    Rating of project
    4.3

    Advantages

    It uses bio metrics to keep personal data safe. it provides remote access to
    the blockchain provides a decentralized system that is much faster . It puts individuals a chance to control his finances.The project has an elite team.Security of peoples finances will be ensured.It cuts on the expenses of having a centralized banking system.

    Risks and disadvantages

    It allows only one cryptocurrency which will limit the growth of the project. The stats from ads and the internet are extremely low.

    Comments

    The project is extending financial services to many people allover the globe which makes its market wide and more so the ability for family members to add their family will help in the accumulation of community members. It also provides cheaper financial solutions.


    FAQ

    Frequently Asked Questions

    Is registration and KYC mandatory to participate in BABB’s token sale?

    Yes, registration and KYC are mandatory to be eligible to participate in the token sale. Our primary goal is to ensure that our platform is trustworthy, transparent, and regulatory compliant. Therefore, all participants must be registered and fully KYCed.

    What forms of ICO payment are available?

    We accept ETH (Ethereum) payments and wire transfers.

    Can I send funds from an exchange account?

    You can send ETH from any wallet, or any exchange that supports sending to a smart contract.

    Is there a minimum contribution?

    If you participate using ETH, the minimum is 0.2 ETH. If you participate via wire transfer, the minimum is $1,000.

    When and how will BAX tokens be distributed to token sale participants?

    Tokens will be released to buyers following the token sale when we release Phase 1 of the BABB platform which will include your secure wallet for holding BAX tokens. We anticipate Phase 1 of the BABB platform to be available and participant BAX tokens distributed on or before 1st March.

    What cryptocurrency exchanges will BAX tokens be listed on and when?

    We currently are in discussion with a number of major exchanges. Our goal is to have BAX listed on major exchanges once we release Phase 1 of the BABB platform and deliver BAX tokens to participants. We will notify token sale participants as soon as we have more information regarding the matter.


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