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What is Babb (BAX) coin and how does it work?

by Financial Economy

Babb is a financial blockchain platform based in London that aims to provide accessible financial services for the unbanked and underbanked. BAX is the lifeblood of the Babb platform and is used to run platform services in all geographies and jurisdictions served by the platform. Information about some topics that what is Babb (BAX) coin, how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information abou Phantasma (SOUL) coin.

What is Babb (BAX) coin and how does it work?

Babb’s mission is to be a decentralized banking platform that leverages blockchain, artificial intelligence and biometrics technology to provide access to peer-to-peer financial services to anyone in the world. There are at least 2 billion people in the world who do not have a bank account or basic banking services. Babb is a new approach that uses innovative technology to crowdsource financial services, completely eliminating the need for banks as we know it.

BAX Token helps make transactions unlimited and is the key to regain control of digital assets. BAX is a native utility token.

BAX coin usage areas!

The usage areas of BAX token are as follows:

  • Transaction processing and data storage fees.
  • Running validator nodes on the network by staking NEAR tokens.
  • Used for management votes to determine how network resources are allocated.

Babb token features!

BAX is currently implemented on the public Ethereum blockchain as an EIP20, ERC20 token. The Ethereum blockchain is the industry standard for issuing private digital assets and smart contracts, and its development tools are compatible with the existing infrastructure of the Ethereum ecosystem, such as wallets and exchanges. This active ecosystem and technology makes Ethereum a natural fit for BAX.

Which exchange is BAX coin on?

Babb coin is listed on some cryptocurrency exchanges such as CoinTiger, KuCoin, etc.

How to buy BAX coins?

Babb coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

BAX coin supply!

Total and maximum supply of Babb coin is BAX.

BAX coin price!

As of June 26, 2022, at the time of the writing, 1 Babb coin price is around $0,0001135 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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