BABB BAX

BABB is a London-based FinTech company that provides accessible financial services to individuals worldwide. It uses blockchain technology to create peer-to-peer banking solutions, e-money accounts, and crypto-wallets. The BABB app offers seamless financial management, global money transfers, and access to banking services – all with a focus on empowering financially underserved communities.

ReDeFi: A Subsidiary of BABB

ReDeFi is an FMI platform designed for regulated financial institutions like banks, financial institutions, e-commerce and governments. It utilises a layer-1 and layer-2 model to facilitate the secure and compliant issuance of Onchain Money.

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.