BABB price

BAX

#1269

BAX is the native token of the BABB ecosystem and the future core of the ReDeFi blockchain. It serves several key functions:

• Transaction Fees: BAX is used to pay fees for all transactions on the ReDeFi blockchain.
• Staking: Staking BAX secures the network and enhances decentralisation.
• Validator Nodes: Users can stake BAX to run validator nodes on the ReDeFi network or delegate their BAX to become nominators.

BABB Group, ReDeFi and the BAX token are operating within regulatory frameworks. Here's our regulatory standing:

• ReDeFi is a subsidiary company under BABB Group, and it is a registered crypto asset firm with the UK Financial Conduct Authority under the Money Laundering, Terrorist Financing and Transfer of Funds.
• BAX is registered as a non-security token with the U.S. Securities and Exchange Commission (SEC).
• BABB Remit Ltd is registered with the UK Financial Conduct Authority as an e-money Institution under the firm reference number 932609.
• The BABB Platform complies with the latest financial promotion and travel rules.
• ReDeFi is a regulatory-friendly Blockchain with the Onchain Money Network which strictly adheres to KYC/AML procedures, ensuring compliance with regulatory standards.
• The Onchain Money system upholds the 'singleness of money' principle, which is integral for maintaining a stable and unified monetary system.

Rushd Averroes is the founder and CEO of BABB. He founded this startup in the summer of 2016 to restore financial control to those who have limited access to banking services. Rushd was born in Yemen and moved to the UK in 2009, where his experience as an immigrant with traditional banks was less than ideal. Since then, he started BABB to empower not only those with limited access to banking but also those with no access to any financial infrastructure at all.

View our Roadmap here.

BABB believes bridging traditional and decentralised finance, can create a more financially inclusive world. Its goal is to provide accessible, secure, and efficient financial services to everyone, regardless of location or background.

Learn More: * BABB website * ReDeFi Website * ReDeFi Whitepaper * BAX Tokenomics