Hi everyone, we're excited to confirm that BAX is now live for trading on LATOKEN, a top-30 exchange with over 120,000 users. Trade BAX now: https://wallet.latoken.com/market/Crypto/ETH/BAX-ETH
Exciting news for a Friday afternoon: we're delighted to announce that BABB has been shortlisted for an FStech award as a finalist in the Blockchain Project of the Year category.
Full shortlist here: http://www.fstech.co.uk/awards/shortlist19.php
Full shortlist here: http://www.fstech.co.uk/awards/shortlist19.php
The latest episode of Insights is here, with a special edition speaking to Gaurav about his argument for rebranding blockchain https://www.youtube.com/watch?v=wevjlZER9cc
Hello Babb fans!
Today we have released an article on our upcoming updates. Please take a moment to read it here. Have a great day everyone.
https://medium.com/@BABB/bax-promises-an-update-f91d507865d7
Today we have released an article on our upcoming updates. Please take a moment to read it here. Have a great day everyone.
https://medium.com/@BABB/bax-promises-an-update-f91d507865d7
Medium
BAX promises: an update
Read CTO Gaurav’s take on our whitepaper promises
Rushd featured in Forbes:
This Yemen Immigrant Found Himself Unbanked- Now He's Using Blockchain To Help Other
https://bit.ly/2sVq7gt
This Yemen Immigrant Found Himself Unbanked- Now He's Using Blockchain To Help Other
https://bit.ly/2sVq7gt
Forbes
This Yemen Immigrant Found Himself Unbanked- Now He's Using Blockchain To Help Others
Experiencing first hand difficulties in opening a bank account once he arrived in the UK, Rushd Averroes is using blockchain to help millions of others like him.
Check out our January roundup, feauturing a tech update and a sneak peek of the alpha app...
https://medium.com/@BABB/progress-report-12-january-roundup-1cd6c5a93de3
https://medium.com/@BABB/progress-report-12-january-roundup-1cd6c5a93de3
Medium
Progress Report #12: January Roundup
Find out the latest news from BABB.
Tune in for a Live Q&A with Rushd today: 3pm UK time. Start preparing your questions.
To make sure you don't miss it, subscribe to our YouTube channel and set a reminder:
https://www.youtube.com/watch?v=fQKTdabGwb0
To make sure you don't miss it, subscribe to our YouTube channel and set a reminder:
https://www.youtube.com/watch?v=fQKTdabGwb0
YouTube
Live Q&A session with the founder and CEO Rushd Averroes
Who does the ‘1bln bax wallet’ belong to?
The wallet concerned (address: 0x58aa01ab4acb640cd44b46460bbe209ce732d911) belongs to the company; it was the first multi sig wallet we ever created and the company used it to collect private presale contributions (in Q4 2017 before the public presale). During the public token sale we allocated 2% of total supply (as stated in the whitepaper and on the website) for bounty campaigns, airdrops and other token remuneration uses, and transferred them to this wallet. The main uses of the BAX from this wallet have been the token sale bounty campaign, the equity sale bonuses and airdrop.
Why did we cancel the API licence?
We’re very sorry that there has been a miscommunication about the API licence. We didn’t feel there was a need to make a specific announcement that we cancelled the licence, but we removed the claim that BABB was an API from all public materials and we asked AmaZix admins to confirm (if asked) that BABB is no longer an API. Clearly wires were crossed somewhere, and we’re very sorry that some inaccurate information reached some members of the community. We never intended to hide the fact that we took the decision to cancel our API licence.
We cancelled the API licence because it would have conflicted with our banking licence application. We were also incurring legal fees to carry out the annual reporting which is required of an API, so cancelling also saved money. We anticipate going to market licenced under an agency model for a E-Money sponsorship with a partner, which means we don’t need the API license.
Who sold locked BAX last night and why?
A substantial number of BAX were sold last night after midnight UK time (19th), one day before the set date of unlocking, and we are currently investigating. We can confirm that it was a former member of the team who sold this BAX, not anyone who is currently working at the company. This may constitute a breach of contract, and we are currently seeking legal advice. The rest of the team, who are holders of BAX too, are very upset and disappointed with this development and the way it was executed.
The wallet concerned (address: 0x58aa01ab4acb640cd44b46460bbe209ce732d911) belongs to the company; it was the first multi sig wallet we ever created and the company used it to collect private presale contributions (in Q4 2017 before the public presale). During the public token sale we allocated 2% of total supply (as stated in the whitepaper and on the website) for bounty campaigns, airdrops and other token remuneration uses, and transferred them to this wallet. The main uses of the BAX from this wallet have been the token sale bounty campaign, the equity sale bonuses and airdrop.
Why did we cancel the API licence?
We’re very sorry that there has been a miscommunication about the API licence. We didn’t feel there was a need to make a specific announcement that we cancelled the licence, but we removed the claim that BABB was an API from all public materials and we asked AmaZix admins to confirm (if asked) that BABB is no longer an API. Clearly wires were crossed somewhere, and we’re very sorry that some inaccurate information reached some members of the community. We never intended to hide the fact that we took the decision to cancel our API licence.
We cancelled the API licence because it would have conflicted with our banking licence application. We were also incurring legal fees to carry out the annual reporting which is required of an API, so cancelling also saved money. We anticipate going to market licenced under an agency model for a E-Money sponsorship with a partner, which means we don’t need the API license.
Who sold locked BAX last night and why?
A substantial number of BAX were sold last night after midnight UK time (19th), one day before the set date of unlocking, and we are currently investigating. We can confirm that it was a former member of the team who sold this BAX, not anyone who is currently working at the company. This may constitute a breach of contract, and we are currently seeking legal advice. The rest of the team, who are holders of BAX too, are very upset and disappointed with this development and the way it was executed.
A few days ahead of schedule, please have a read of the February progress report from the team - it contains key details of changes coming to the Telegram community. https://medium.com/@BABB/progress-update-13-february-roundup-5159664b1a47
Medium
Progress Update #13: February roundup
We’re writing this on an unseasonably warm February morning in London.
Babbianz.
Sorry for the late update, i am still working with Annie and our PR agency on the PR release, journalists would prefer to have exclusivity in this news.
So I cannot announcement things in detail, but the partnership with custos is real, there are many other benefits apart from cash.
In terms of change in personal in Babb, yes there are a lot of changes, unfortunately, given the legal aspect and confidentially, I cannot give you details of names, and disclosure of contracts, this is to follow the employment regulation and respect the contract that Babb signed with its employees.
What I can tell you is myself and the team , except those who left, are committed to deliver our promises to you and to every stakeholder.
I will try to say hello in this group everyday, if I’m here then Babb and my team are here too,
I love my community so much that I will do the impossible to make Babb a massive success, don’t forget our mission is to change the world for the better, we exist because we are MAD MAKING A DIFFERENCE*
Peace and love
Rushd
Sorry for the late update, i am still working with Annie and our PR agency on the PR release, journalists would prefer to have exclusivity in this news.
So I cannot announcement things in detail, but the partnership with custos is real, there are many other benefits apart from cash.
In terms of change in personal in Babb, yes there are a lot of changes, unfortunately, given the legal aspect and confidentially, I cannot give you details of names, and disclosure of contracts, this is to follow the employment regulation and respect the contract that Babb signed with its employees.
What I can tell you is myself and the team , except those who left, are committed to deliver our promises to you and to every stakeholder.
I will try to say hello in this group everyday, if I’m here then Babb and my team are here too,
I love my community so much that I will do the impossible to make Babb a massive success, don’t forget our mission is to change the world for the better, we exist because we are MAD MAKING A DIFFERENCE*
Peace and love
Rushd
Good afternoon Babbians! I am dropping by to share a quick announcement: We are very pleased to announce Dr. Demetrios Zamboglou as our new Chief Operations Officer. Welcome to the Babb team! 🙌🏻🙌🏻
https://t.co/Qx1kEBzkpE
https://t.co/Qx1kEBzkpE
Finance Magnates | Financial and business news
Exclusive: Demetrios Zamboglou Joins Blockchain Bank BABB
The well-versed fintech expert joins the company at a critical stage of its development as COO
Good afternoon Babbians, we hope you all have had an amazing week. We are pleased to present you the Community Q&A: https://medium.com/@BABB/progress-update-14-community-q-a-b09d27ce8172
Medium
Progress Update #14: Community Q&A
We haven’t forgotten about you, we have just been busy working on our promises.
Good morning guys, it is becoming almost a ritual here in the office to have awesome news by the end of the week - that being said, we are pleased to introduce Ian Petras our Head of Marketing: https://medium.com/@BABB/introducing-ian-petras-as-head-of-marketing-803d1ea0ae96
Medium
Introducing: Ian Petras as Head of Marketing
BABB appoints a new Head of Marketing ahead of its new launch plans