Babb is Phasing Out Certain Services Related to the Recent OLD BAX Swap

TL;DR

BAX ICO (from 2018) & Fundraising — Phase Out: 31 December 2022

Intro

Babb is phasing out OLD BAX token related operations as part of its recent app revamp activities to clear the way for the introduction of the Babb Banking Service in 2023 and to steam off some load off the app and reduce the administrative costs for record keeping.

Phasing out the unclaimed OLD BAX processing from ICO.

Babb will stop processing unclaimed ICO balances from 2018 as part of phasing out the OLD BAX operations from the app. Please contact support@getbabb.com by 31 December 2022, 23:59:59 UTC to claim your tokens. Any claims submitted after this deadline will not be processed and the remaining available balance will be transferred and used for the development of Babb products.

Expiration date for fundraising related balances.

Babb will expire and void all unclaimed fundraising balances as part of phasing out OLD BAX token operations. If you’re a fundraiser with Babb, please login to the app and withdraw any existing campaign balance by 31 December 2022, 23:59:59 UTC. Any withdrawals after this deadline won’t be processed and the remaining campaign balances will be transferred and used for the development of Babb products.

Reminder for the BAX swap deadline.

Babb will keep the OLD BAX to NEW BAX swap processing on the following portal (https://baxswap.babbapp.com/) without any Processing Fee until 30 June 2023, 23:59:59 UTC. Before the deadline, in June 2023, Babb will announce the Processing Fee that will be applied on OLD BAX to NEW BAX swap transactions till the portal is phased out a year later on 30 June 2024, 23:59:59 UTC. Requests for airdrop will not be processed afterwards and unclaimed balances will be used for the development of Babb products.

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Babb aims to deliver accessible, secure, convenient and cost-effective mobile banking services designed to serve the global microeconomy — https://getbabb.com