The BAX token, an ERC-20 utility token, powers the BABB platform, a decentralized bank catering to the microeconomy. It offers UK bank accounts via a smartphone app, backed by blockchain tech. Partnerships with central banks enable global digital currency integration, boosting local economies. BABB's mission is to bank the unbanked, using blockchain for secure, cost-effective banking. BAX serves various purposes, including transaction fees and staking for validator nodes. Founded in 2016 by Rushd Averroës, a financial inclusion specialist with an MA from the University of Greenwich.