Introducing ReDeFi: The layer-1 blockchain that merges traditional finance and crypto

BABB
4 min readOct 6, 2023

BABB is proud to introduce its most transformative initiative yet: the ReDeFi project, a layer-1 blockchain that uses a PoS-C consensus and built-in compliance features. With a renewed vision and unpaired ambition, we’re setting the stage for a game-changing blend of traditional regulated finance and blockchain technology while ensuring we comply with regulations and current policies. The true differentiation from traditional L1 chains is the definitive merger with how banking operates in the real world. Let’s dive in, shall we?

The Blockchain Evolution

The blockchain has always been the heartbeat of BABB’s ecosystem. As the chapter for ReDeFi opens, the role of distributed ledgers will become even more crucial. 20 Billion BAX will be allocated to the treasury to fuel the development and early steps of ReDeFi. This reservation announcement aligns with our earlier commitment during the BAX swap, where we promised our community transparency at every step.

As the ReDeFi chain takes shape, BABB’s intrinsic role will act as a catalyst in bridging the traditional financial sector with the unique traits of our blockchain for faster speeds, low transaction costs and optimal interoperability.

Explore the ReDeFi Chain

In essence, ReDeFi is merging blockchain technology with the mechanics of traditional banking.

Here’s a glimpse of what’s on the horizon:

  • 💷 Native Blockchain: ReDeFi is a layer-1 PoS-C blockchain, aligned with our ESG goals. The aim? Deliver a fast, secure, sustainable and compliant financial platform that resonates with our community and future partners.
  • 💳 RDF20: An evolution of the ERC20 standard, the RDF20 offers complete compatibility with Ethereum-based smart contract deployment. It ensures a seamless experience for users and developers alike.
  • 🌐 Multichain Bridges & More: Beyond a mere blockchain, ReDeFi aims to be an interconnected web3 platform by adding a multichain bridge in its core function. Additionally, a built-in exchange experience will facilitate fast and smooth asset swaps, and that’s just scratching the surface. Last but not least, being regulation-friendly and decentralised simultaneously, opens new doors and possibilities to explore.

BAX Allocation

ReDeFi’s launch brings strategic BAX allocations, reserved for specific projects and advancements. 20 billion BAX tokens have been set aside for the development of the ReDeFi Chain, RDF20 and other blockchain facilities. The first portion of 10 billion BAX will be issued as early as next week.

But what’s crucial is our promise of transparency. Every initiative necessitating additional BAX issuance will be communicated in detail to you. We believe in keeping you in the loop, ensuring our collective journey is paved with trust and clarity. It’s not just about tokens; it’s about our unwavering commitment to transforming how finance works and ensuring BABB plays a pivotal role in that transformation.

The Future Vision

BABB’s vision for ReDeFi is not limited to its foundational architecture. We foresee a world where blockchain seamlessly integrates with everyday finance, providing unparalleled value and convenience while adhering to regulations and policies. Central to this vision is fully transparent BAX allocations. Its strategic contribution to projects underlines our ambition and dedication to making this vision a reality.

We’re investing in a future where the line between traditional finance and blockchain blurs. As we embark on this journey, we continually explore new avenues, partnerships, and innovations to elevate the ReDeFi platform. We envision BABB, becoming a cornerstone, playing an instrumental role in shaping the financial sector for years to come.

Engage with us

Your support has always been our driving force. As for you, this is a new chapter for us. So, ReDeFi can grow through your engagement, feedback, and enthusiasm. We encourage you to be vocal, share your thoughts, and grow alongside us.

Engage with our vision using hashtags like:

#getbabb #BABB #BAX #ReDeFiWorld

Stay informed, be active, and let’s shape the future together. For the uninitiated, join the BABB movement! Dive into our platform and products.

Visit getbabb.com and download our app to see first-hand the strides we are making.

Read ReDeFi’s Lightpaper here.

About BABB and ReDeFi

Established in 2016 by Rushd Averroes, BABB is a London-based fintech innovator with FCA registration. With a vision to revolutionise the financial landscape, BABB has been at the forefront, championing decentralised financial systems. Our offerings encompass peer-to-peer money and crypto transfers, an intuitive mobile banking app, tailored money accounts, and state-of-the-art card services. ReDeFi stands for Regulated Decentralised Finance Ltd. ReDeFi blockchain (RDF20) uses Proof of Stake-Checkpointing or PoS-C consensus. It combines the security and energy efficiency of traditional PoS networks with advanced network validations.

Disclaimer

Digital Currencies and Cryptocurrencies come with inherent risks. Their values can experience significant fluctuations. Due to their volatile nature, there’s a tangible risk of substantial loss when buying, selling, or holding these assets. Cryptocurrency services aren’t currently overseen by the Financial Conduct Authority or other UK regulatory bodies.

It’s paramount that you assess your financial situation and risk tolerance, before delving into digital currencies or cryptocurrencies. BABB doesn’t offer advice or recommendations concerning digital currency or cryptocurrency transactions. Ensure you’re always well-informed and consult with financial professionals.

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BABB

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