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/biz/ - Business & Finance


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10217647 No.10217647 [Reply] [Original]

https://medium.com/babb/progress-report-6-10-07-18-35cdb1a920a6

This is just the beginning...
If you hate money, stay out

>> No.10217653

>>10217647
I am telling you for the last time

>> No.10217760
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10217760

>>10217647

Recommend that /biz invests in a company

> where the CEO is a known scammer who got caught changing his name

> where the company raised money for ICO but are now trying to raise money again using crowdfunding promising equity because they need money for a banking license.

> Raised less than 60% using crowfunding and don't look like they'll succeed

Are you trying to scam us OP?

>> No.10217816

>>10217760
did you see the medium update at least, you moron?
This FUD with Rushid is old and fake, they are one of the best teams in the business today

>> No.10217850

>>10217760
https://uk.linkedin.com/in/rushd-averro%C3%ABs

>> No.10217952

To high supply.

>> No.10218012
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10218012

>>10217816
>>10217850

> He changed his profile and disclosed the name change AFTER getting caught.

> Company did ICO and got investor money

> After applying for banking license realized they didn't have money needed to be licensed as bank. Beg investors for money in a 2nd round of funding.

> Less than 60% raised. Price tanking, holders fleeing.

And you come and shill this shit to /biz? Do you hate us so much that you shill us scams Anon?

>> No.10218061

>>10217647
Babb sounds nice on paper but there are so many obvious holes in their project. The whole value of the project rests on one thing: banking licenses. It could take years and years of applications until they finally get a license, especially since they have no product whatsoever and are outsourcing their app project to Ukrainian pajeets. No country is going to take biometric and social KYC seriously for a long time either because guess what; the technology doesn't even exist yet and it would take years of case and security testing to be usable. As far as I know their team does not even include anyone with any strong knowledge of blockchain technology. I've read rumours that their plan is to build their own chain, which I hope is not true, but their whitepaper has one paragraph in it which completely ruins the projects credibility.

>BAX will be implemented on the public Ethereum blockchain as an EIP20/ERC20 token.The Ethereum blockchain is currently the industry standard for issuing custom digitalassets and smart contracts, and is compatible with the existing infrastructure of theEthereum ecosystem, such as development tools, wallets, and exchanges. This activeecosystem and technology make Ethereum a natural fit for BAX.

If they do use ethereum for transactions their project is designed to fail. They can't seriously expect third worlders to afford ETH transaction fees.

Still, I have a nice stack because their marketing team does a decent job.

>> No.10218121

>>10217816
>rushid

>> No.10218224

>>10218012
> Idiot.
> Holders are not fleeing, just look at telegram, the community is just fine.
> Price is stagnant because it has no volume. (2btc 24hrs in kucoin) people are holding waiintg for Q4-18 / Q1-19.
> The bank license is a plus, but is not mandatory for the project. They already have authorization to work as a financial institution.
> This equity crowdfund for Babb shares is totally planned in the roadmap and whitepaper, just read it, retard.
> The main target is 1mml, but they say they are aiming to raise 750k, and they raised already 720k, remaining 46 days.
> https://medium.com/babb/join-the-private-round-of-the-babb-equity-crowdsale-84a291921d51
> Stop the bullshit, faggot, this is the most promising project of the year

>> No.10218440
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10218440

>>10218224

> CEO is Rushid name changing scammer who didn't disclose his past until caught
> CIO is cockney Londoner whom CEO met at University of Greenwich
> Realize after they raise money from ICO that a bank requires capital reserves

Looks like a good investment to me.

>> No.10218743

>>10217647
I lost %60 on this