Dynamic and history value of price BAX. Maximal value of price babb was 0.00004151$ - 2020-10-28 03:00:08, Minimal price of BAX was 0.00001484$ value and fixed at 2020-11-19 09:00:10. Today price of babb is : 0$
BABB is an acronym for Blockchain-based bank account. They want to use blockchain technology to offer a bank account to anyone in the world with integrated access to crowdsourcing financial services. It is possible to significantly reduce the cost of banking and financial services to offer an innovative service and attract two billion people to the global economy. They think this will be good for everyone. The benefits of a decentralized banking model don’t stop at financial inclusion. They can put an end to high prices due to stagnant competition and data losses due to poor security. They can also make the global economy less susceptible to shocks such as the 2008 financial crisis by decentralizing decision making. Banks are weak and vulnerable, compared to the distributed strength and security of a decentralized banking platform, in which each user is essentially his own bank. BABB will work directly with central banks to issue their digital currencies, circumventing current local and international tax and monetary policy. They believe that digital currencies issued by the central bank (CBDC) will play a key role in the next decade, as many central banks have already announced plans for this effect. CBDCs can help stimulate local economies by keeping wealth within a defined limit and by supporting local payment networks. BABB will work with central banks to manage existing CBDCs and issue new ones. They can leverage the technology to host and manage a portion of the federated network. This subnet remains an integral part of the global platform, allowing citizens to transact locally and globally. Central banks can also collect data from the platform to provide the information necessary to manage the system efficiently. BAX Token BAX will be implemented in the Ethereum public blockchain as an ERC20 token. BAX is a utility token that will be used under the hood of the BABB platform, feeding the network in all jurisdictions. All service costs and licenses on the platform will be charged to BAX, which means that any natural or legal person must have BAX to use a BABB account. As a universal currency, BAX will also have many use cases on the platform, including: ensuring the liquidity of the P2P currency exchange, facilitating cross-border fundraising and international payments.