1. What is bax?

BABB (BAX) is a blockchain-based token designed to provide innovative solutions for financial services globally. The primary goal of BABB is to eliminate boundaries and barriers within the financial system, offering fair, reliable, and accessible financial services to people around the world.

BABB is a financial blockchain platform located in London, UK, aimed at providing accessible financial services to those without bank accounts or underbanked individuals. BABB's mission is to become a decentralized bank, achieving innovation and the popularization of financial services through blockchain technology.

2. Who founded bax?

The founder of the BABB (BAX) tokens project is Rushd Averroes. He established the company in the summer of 2016, with the goal of providing financial services to those with limited access to banking opportunities.

3. Which venture capital firms invested in bax?

BAX (BABB) is a token primarily used for the financial services on the BABB platform. According to public information, here are some venture capital firms that have invested in BABB:

1. BnkToTheFuture: An investment platform focused on fintech and token sectors.
2. NKB Group: A company providing token and blockchain solutions.
3. LDJ Capital: A global investment firm whose investment areas include fintech and tokens.

Please note that this information may be incomplete or outdated, and investment situations may change over time.

4. How does bax work?

BABB (BAX) is a blockchain-based token designed to provide innovative solutions for financial services globally. Here is how BAX operates:

1. Decentralization and Transparency: BAX utilizes blockchain technology to achieve decentralized and transparent transactions. It records and verifies transactions through smart contracts and distributed ledgers, ensuring the safety of user funds and privacy protection.

2. Transaction Process: The transaction process of BAX includes the following steps:

3. Recording Transactions: Transaction information is recorded on the blockchain, including participants, transaction time, location, and other detailed information.

4. Reaching Consensus: The majority of participants in the distributed blockchain network must agree that the recorded transaction is valid.

5. Linking Blocks: Once participants reach a consensus, the transactions in the blockchain are written into blocks and attached with an encrypted hash to form a chain.

6. Smart Contracts: BAX uses smart contracts to manage business agreements, ensuring that transactions execute automatically when pre-defined conditions are met.

7. Community Banking: BAX offers an innovative financial service model called community banking, providing personalized financial services and support.

8. Identity Verification and Trust Building: BAX adopts a blockchain-based identity verification system, allowing users to verify their identities securely and establish trust relationships.

Overall, BAX uses blockchain technology to deliver secure, transparent, and decentralized financial services, aiming to address issues of global financial inclusion and accessibility.