Launchpool Announces New AME from ‘Better than a Bank’ Project, Baanx
Baanx are not short on ambition with the Baanx ecosystem offering loans, lending, an exchange, and fiat bridges in the one-stop shop for ‘crypto-as-a-service’.
Baanx works with the leading global digital asset corporate brands like Visa to allow Baanx to offer secure crypto-friendly services including interest free secured lending, high rate savings for staking digital assets and global remittance. Starting off on Launchpool this gives the LPOOL community first dibs on the BXX token.
Partnered with the Big Players
The platform has partnered with Tezos, the top digital asset company worth over $3B. Tezos comes as a strategic partner to enable free lending through the BXX token. If Tezos isn’t big enough for you then the UK Government British Business Bank being one of the Baanx investors should excite you. This relationship is very promising and it goes without saying that all the GBP (British Pound) exchange services on the platform will be fully regulatory compliant and secure, as is the case in Europe and will be as Baanx launch in the United States during the next 6 months. Alphabit is another big league partner and one of the biggest digital asset funds in the crypto space.
Future news includes strategic partnerships with influential Asian market players, more to be disclosed around end of Q3 — early Q4 2021.
BXX Token Use Case
Holding BXX tokens gives users access to special services and money saving incentives. For example 5% of all network fees will be equally distributed to all loyal token stakers who hold BXX on a monthly basis. In addition, holding 5000 BXX tokens gives access to interest free secured lending up to $5,000 (subject to LTV) and higher thresholds offering higher amounts of interest free lending. Check the Baanx whitepaper for full details of the token benefits.
Team and Future
As the roadmap details, the global platform was launched in 2019 with crypto friendly Visa cards, and is being expanded globally this year. The team are based in the UK and London and are highly experienced within mobile, banking, technical and fintech worlds. With over 100 collective years experience at key institutions such as JP Morgan, Commerzbank, Mastercard etc, the Baanx brigade are ready for big things!
Allocation mining event details to follow for our Launchpool community. As always, allocations are guaranteed through the staking of $LPOOL token.
About Baanx
Baanx.com Ltd is listed on the temporary registration regime for crypto asset businesses with the UK’s FCA (Financial Conduct Authority) and is part of Baanx Group Ltd, operating Fintech payment services which utilise an EMI (Electronic Money Institution) license UK & EU/EEA and a Credit Broking License (UK).
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About Launchpool
Launchpool ($LPOOL) is a Pre-IDO launchpad. $LPOOL token holders can stake their tokens to mine allocations in upcoming projects at private sale prices. Launchpool leverages communities, knowledge, expertise, contacts and capital to provide crypto projects with the best possible start to life, maximising their chances for success in this fast moving & dynamic space.
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