Imagine a world where you can borrow for free, remit money globally at no cost, and earn crypto rewards from your daily spending. This is the world of Baanx, a revolutionary Crypto-as-a-Service Fintech bridging the gap between crypto and fiat, enabling fintechs to offer their users services that are "Better than a Bank." Baanx.com Ltd partners with leading global digital asset brands, providing secure, crypto-friendly services like interest-free secured lending, high-rate savings for staking digital assets, and global remittance. With Baanx, you can even spend digital blockchain-based assets directly on Visa and other major schemes using physical and virtual cards. Welcome to the future of seamless financial services.

The Baanx Platform: Bridging Crypto and Fiat

Baanx is a cutting-edge platform designed to integrate the worlds of crypto and fiat seamlessly. By offering a suite of financial services that are more efficient and cost-effective than traditional banking, Baanx is setting a new standard in the fintech industry. The platform's core offerings include:

• Interest-Free Secured Lending: Borrow against your digital assets without incurring interest.
• High-Rate Savings for Staking Digital Assets: Earn attractive returns by staking your crypto.
• Global Remittance: Send money across the globe without any fees.
• Spending Digital Assets: Use your digital assets directly on Visa, China Union Pay, and other major schemes via physical and virtual cards.

The BXX Token: Powering the Baanx Ecosystem

Purpose and Utility

The Baanx crypto token (BXX) is a utility token built on the Ethereum blockchain that aims to bridge the gap between fiat and digital asset technology. It powers the Baanx ecosystem, which provides an API-driven platform for users to create disruptive, cutting-edge digital products. The token's purpose is to improve financial services by offering faster, more secure, easier-to-use, and lower-cost services compared to traditional banking and fintech.

BXX is used to manage the commercial side of digital asset-focused functions, enabling secure crypto-friendly services such as interest-free Cryptodraft, high-rate savings for staking digital assets, global remittance, and the ability to spend digital blockchain-based assets directly on Visa, China Union Pay, and other schemes, physical and virtual cards. The token is not a regulated lender in the UK & Europe but a Digital Asset inspired liquidity platform with additional Crypto-friendly services such as Emoney Cards, Wallets & Exchange.

Unique Features and Benefits

One of the unique features of BXX is its ability to be used on multiple platforms, each with individual benefits, rather than a one-size-fits-all approach. This allows for greater flexibility and customization for users. Additionally, the Baanx team is considering the possibility of creating a decentralized autonomous organization (DAO) to improve the token's governance and involve the community in managing and implementing future changes.

Staking BXX allows users to earn rewards and get higher limits for interest-free borrowing, as well as unlock increased limits of interest-free spending and higher LTV packages. BXX also offers the highest level of cashback with Baanx-powered cards, with up to 2% cashback on every purchase.

Tokenomics and Distribution Model

The Baanx crypto token, also known as BXX, has a total token supply of 250,000,000 tokens, with a circulating supply of 22,057,788 BXX and a maximum supply cap of 250,000,000 BXX. The token distribution model is outlined in the whitepaper, which states that 250 million tokens were initially minted, with 1 billion tokens already burnt, leaving a total of 250 million tokens. The use of funds is divided into several categories, including:

• Team/Advisors: 22% of the tokens are allocated to the early supporters, developers, founding team members, and advisors working on improving the products and services.
• Reserve: 22% of the tokens are kept in reserve for unforeseen circumstances, such as long-term liquidity requirements with respect to Cryptodraft and the delivery of the project.
• Strategic Partners: 19% of the tokens are allocated to strategic partners, which will help grow the platform globally.
• Technology + Operations: 18% of the tokens are allocated to technology and operations, which will be used to add cutting-edge Fintech and services and manage all operations.
• Liquidity, Compliance & Licenses: 19% of the tokens are allocated to cover compliance function and license fees, protect users, and provide liquidity for all Cryptodraft activities.
• Marketing: 10% of the tokens are allocated to marketing efforts, which will help grow the platform via a global network of users, portfolio companies, and other strategic stakeholders.

Mechanisms to Control Inflation

Baanx has implemented a token burning mechanism, where they have already burnt 1 billion tokens, reducing the total amount to 250 million tokens. Additionally, they have a staking mechanism in place, where wallets staking at least 10K BXX tokens for at least 1 year without moving the initial 10K BXX tokens will receive additional BXX bonuses.

The Team Behind Baanx

Core Team Members

The team behind the Baanx crypto token includes experienced individuals in Banking, Technical, and Fintech sectors:

• Garth Howat (CEO): Over 100 years of Bank and Fintech experience and has launched businesses for the last 13 years.
• Sean Salloux (CRO): Extensive experience in Consumer Lending and Fintech businesses in the UK.
• Mark Evans (CCO/CFO): Over 25 years of global tech experience in the US, UK, Europe, and Asia.
• Alona Dobshynskaya (CPO): Over 6 years of Product development experience for one of the world's best digital exchanges.
• Jim Yang (CTO): Over 20 years of development experience and a degree from Apple.
• Dan Jones (Operations Director): Over 7 years of Operational Leadership roles within regulated industries.
• James Poole (CIO): Over 20 years of experience in managing software development in regulated markets and 5+ years of experience in data analysis and information dissemination.

Notable Advisors, Partners, and Investors

Notable advisors, partners, or investors involved with the project include UK Govt British Business Bank and BnkToTheFuture, who are equity investors in Baanx Group Ltd. Baanx Group Ltd has also signed contracts with wallet holders, DeFis, and exchanges via Baanx Group, including AlphaBit, Scalable Solutions, Tezos, and Akoin. Baanx Group Ltd has also signed a three-year partnership with Mastercard for the U.K. and Europe. The project has also received funding from Ledger, Tezos Foundation, Chiron, and British Business Bank, bringing the crypto payment enabler’s total funding to over $30 million.

Market Data and Performance

Current Market Statistics

• Current Price: $0.0645
• Market Cap: $1,277,318.97
• 24h Price Change: 5.