[ANN][SOLD OUT] BABB - Bank Account Based Blockchain

[hamamana99]

I disagree, ETH will be at the forefront for the foreseable future. The other platforms are just copying Ethereum and making minor tweaks. They are also faster because it's not being adopted as much as ETH, so volume is low - making them faster.

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[mme1022]

But Babb are building on a federated private blockchain with partner banks as the node operators. They don’t want to be on a public network. So it doesn’t even fit in with Babb’s objectives. So stop shilling that project here.

Hey fisnish
I'm not sure I understand your point correctly.
What do you mean by " it doesn’t even fit in with Babb’s objectives"?
How will the federated blockchain prevent BABB from achieving their goals?

[TPB_Cryptofan]

The BABB team has released an article outlining RBP issuance to UK and Lithuanian regulators, as well as thanking the near 1300 investors for their support reaching the 1.5M pound minimum target!

Read more here : https://medium.com/babb/equity-crowdsale-100-funded-9c41da875af8

[Karamen35]

Oh no! You've completely missed the reason for these different funding stages. BABB is focused on raising just the amount needed for development and not more than is required. The first stage of the ICO was to get started with development and preperation for banking license applications.

[TPB_Cryptofan]

This shows the reasoning behind running a staged token sale : https://www.youtube.com/watch?v=DpeiUS2YzjE

These are conditions for the second phase of the token sale: ( This is seperate from the equity sale )
a) a banking licence
b) at least one international partnership with a bank
c) a working product

[Xemesis113]

So, going back to BABB dedicated blockchain platform... The biggest concern I have is scalability. Ethereum network is capable of doing 15 transactions per second and as a comparison, Visa does about 45,000 per second. With this being said, as more people use Ethereum network, the longer it will take for transactions to go through. And there are many other erc20 tokens and more are being created. So I'm concerend that soon it will be taking hours for transactions to go through (similar to situation with bitcoin right now) and people will not like this and therefore will not use BABB as it is an erc20 token and uses Ethereum network. Of course, Etheruem is working on scalability issues, but it's not certain how it all will work out and I hate to think that BABB success depends on Ethereum. So I think it would be much better for BABB to have their own blockchain eventually. I'm not saying that this should be done immediately, but this should definitely be considered

[dhendrickk]

So, going back to BABB dedicated blockchain platform... The biggest concern I have is scalability. Ethereum network is capable of doing 15 transactions per second and as a comparison, Visa does about 45,000 per second. With this being said, as more people use Ethereum network, the longer it will take for transactions to go through. And there are many other erc20 tokens and more are being created. So I'm concerend that soon it will be taking hours for transactions to go through (similar to situation with bitcoin right now) and people will not like this and therefore will not use BABB as it is an erc20 token and uses Ethereum network. Of course, Etheruem is working on scalability issues, but it's not certain how it all will work out and I hate to think that BABB success depends on Ethereum. So I think it would be much better for BABB to have their own blockchain eventually. I'm not saying that this should be done immediately, but this should definitely be considered

Thank you for your input. Right now the plan is to do the federated Babb blockchain on an Ethereum codebase (do not confuse with ETH-based public blockchain). BABB will remain an ERC-20 token but it will run on it's own federated (private) blockchain.

[mcstudio]

Hey community! The BABB product team is looking for feedback to help their development. If you own/work for a business which accepts credit card payments they want to hear from you!

Check out this video here for more information :

https://www.youtube.com/watch?v=HQsdh3_DZ0Y

[riouspro6868]

Cardano is working on a converter for ERC20 tokens from Ethereum to Cardano.  I wonder if BABB can run in parallel on multiple blockchains (Cardano, Tezos, EOS, Ethereum

[hoanghai]

I had a dream!!! Said i ... 0.027 USD by end August
December will be BAX at 0.43 USD, February 0.58 USD and in June 2019 wil BAX be at 1.52 USD
Enjoy

[samsung1]

They are openly seeking listings and I was wondering if the team was looking into it?
We're unable to comment on exchanges anyhow. The team will be sure to communicate it to the community if it's the case though

[Karamen35]

I bet, up and down, such is the market. Hope you guy succeed with the BOE licence and others. First in the space would seal the long term victory. A lot of projects will fade into obscurity within 2 years.

[Seattlle]

Just wanted to say, y'all have no idea how many people try to tip waiters in America cash because they believe its un taxable by the government lol, I'll just leave it at that and say that these type of people are the people ready for Babb even though the example is somewhat contradictory to what BABB is about, i can assure you that the people here in America dont even know what they dont know they need about babb, make sense?

[obasi]

Just wanted to say, y'all have no idea how many people try to tip waiters in America cash because they believe its un taxable by the government lol, I'll just leave it at that and say that these type of people are the people ready for Babb even though the example is somewhat contradictory to what BABB is about, i can assure you that the people here in America dont even know what they dont know they need about babb, make sense?

Thanks for your opinion and comment.

BABB has a great team that can deliver on the Whitepaper promises. I am also certain that when the BABB becomes fully functional, all your fears will disappear.

[nival]

What are the marketing strategies, and plans for brand awareness moving forward after after the application process?

[Stereoisomer]

What are the marketing strategies, and plans for brand awareness moving forward after after the application process?

We are currently meeting with many different marketing and PR agencies to find creative teams to collaborate with on the launch campaigns.
Strategic partnerships; Inbound Marketing & Offline outreach are three areas we will focus on.
It’s incredibly important to find the right fit, with agencies which can deliver on the team’s ambitious vision.

[aidit45@gmail.com]

this seems good news, I really hope for further information, hopefully BABB can become an alternative bank that is innovative and changes the world's finances.

[chayantoon]

I think he might seriously have some mental problems. You can't have full mental functionality and think that people who will potentially invest 10s of thousands, or 100s of thousands of dollars would be influenced by some random dude on the internet posting comments insulting the team and project.

[naikaka]

Are you on Telegram?

[yassinebenouhoud]

Babb is optimistic about their chances of being approved for a banking license and arre working hard on the application with some highly qualified team members and advisers
Actually there is not a set time to know the licenese will be approved or not. This will be in the hands of the regulators.