BABB, the Level39 member and blockchain-based bank account, has reported a complete sell-out of their pre-sale of 10 billion BAX tokens, raising approximately $9m USD
BABB is one of the few members at Level39 embarking on the journey of raising funds through an Initial Coin Offering, offering a pre-sale before the public sale of tokens which will take place on February 6.
This pre-sale resulted in 10 billion tokens being sold, with just under 3000 investors taking part from around the world. Ages of investors ranged from 18 all the way up to 90.
The funds will be used to develop BABB’s blockchain-based banking platform, with a mobile app and payment card. The team aim to launch in the final quarter of this year. The team gained FCA authorised payment institution status earlier and has now begun applying for a UK banking license.
Find out more at getbabb.com