BABB token sale: registration update
First things first…
********IMPORTANT. PLEASE BEWARE OF SCAMS AND FRAUD**********
**PLEASE ONLY SEND ETH TO YOUR UNIQUE PARTICIPATION ADDRESS**
You will see your unique ETH address when the token sale goes live. This address is personal to you and you will ONLY see it when you log into your account at https://getbabb.com/me. Always check the URL is correct. Please ONLY send ETH to this address.
We will NEVER publish ANY ETH address on our Telegram channel, in emails or any other external communications or social media.
So, now that’s out of the way…
Registration is still open on our website for the BABB token sale, which will go live at 12pm GMT on Tuesday 6 February. It will run until all tokens are sold, or for a maximum of four weeks.
Here’s an update on registrations for the sale so far.
As of 12pm GMT, Wednesday 31 January, 32 040 people have registered for the token sale in total.
Of these, 20 387 have submitted ID and been approved to participate.*
Registrations by country
Our whitelist features citizens from 176 different countries.
BABB is an international company with a proposition of financial inclusion. It’s exciting to see our message resonating around the world. Having a global audience of people who care about our project gives us a great head start as we begin our journey to deliver worldwide financial integration.
This chart shows BABB token registrations by country:
Here is a list of the top ten countries and the proportion of registrations from each:
- USA — 10.3%
- UK — 9.4%
- Russian Federation — 8.0%
- Australia — 5.5%
- India — 5.4%
- Netherlands — 5.1%
- Vietnam — 3.9%
- Canada — 3.4%
- Republic of Korea — 3.1%
- Germany — 2.7%
Registration by intended participation
This chart shows the breakdown of registrations by the amount they’re planning to contribute:
This shows that 35% of people are intending to participate with less than $999 and a further 22% intend to put in between $1 000 and $1 999.
This is good; it’s far better if BAX is widely distributed across many different people, without any one person holding a large chunk of the tokens. It’s better for the tokenomics, for BABB and for the community.
Token sale conditions
The BABB token sale will go live at 12pm (noon/midday) GMT on Tuesday 6 February 2018.
- 10 billion BAX tokens for sale
- $0.0012 per token
- 15% discount on the first 1 billion tokens for sale.
Based on the current state of token sale registrations, here are the conditions of the token sale:
1. Individual caps
We will implement caps to limit the amount of BAX that each person can buy in the first 24 hours, and limit the number of discounted discounts they can buy. We’ll confirm these limits on or before Friday 2 February.
This should ensure the majority of people can participate with their preferred amount and prevent whales from holding large chunks of the supply.
Please note, there is also a 0.2 ETH minimum limit per transaction.
2. ETH only
We’re only accepting ETH, for at least the first 48 hours of the sale. If there are still tokens remaining after 48 hours, we may start accepting cash via wire transfer.
Registrations still open for the BABB token sale! You can register now on our website.
You must register on our site in order to participate in the token sale. Registration involves creating an account and submitting your ID documents for KYC.
If you want to get into the token sale, we recommend registering in advance as it can take up to 24 hours for your identity to be verified.
How do I register?
Registering for the BABB token sale is very simple and takes just a few minutes.
Step 1: Go to https://getbabb.com/ and you’ll see a button saying “Register for main sale”. Click on that.
Step 2: Create an account with your email address and a unique password (you’ll see a bullet list of password requirements down the right hand side).
Step 3: Look for the confirmation email in your inbox (it should arrive instantly) and click the link in the email to verify your email address. If you can’t find it, check your spam/junk folder.
Step 4: Login to your newly created account and fill out the information. We’ll need a photo or can of your ID, and a photo of you holding your ID.
Step 5: Submit your info, and we’ll be in touch as soon as we can to confirm your registration.
Participating in the token sale
Once your registration is confirmed, you’re all set to get involved. The token sale will open at 12pm GMT Tuesday 6 February.
You’ll need to log in to your account on the BABB website, using the email address you registered with and the password you created. You’ll be guided through the participation process.
(No panic if you forget your password, just click “forgot password” and we’ll sort you out.)
To buy BAX in the token sale you will need to send ETH to the address shown on your account dashboard at https://getbabb.com/me. Please follow the instructions in the side bar and don’t send ETH to any other address.
What are you waiting for?
Register for the BABB token sale now! Go to https://getbabb.com/ and click the “register” button. Go go go!
*including 6 850 people who registered and 5 188 people who were approved to participate in the pre-sale.