BXX Play

Gooood afternoon Chads and Chaddettes!

For round 4, I am thinking a token play for a smaller coin that has some potential for future growth.

Contract Address - 0x6b1a8f210ec6b7b6643cea3583fb0c079f367898 Current Price - $0.07 Target Amount to Buy - 1 ETH Target Buy Price - $0.05-0.08 Target Exit - $0.10-0.16 (vote on 100%) Target Hold Time - 6-9 months Whitepaper - https://baanxapp.com/bxx

BXX is the utility token for Baanx.

Baanx is a Fintech company providing technology and services to companies within the cryptocurrency industry. The services are offered in a modular fashion, allowing companies to bridge the gap between fiat and cryptocurrencies by giving them access to -

• Crypto Friendly Debit Card Issuing
• Crypto Wallet Solutions
• Payment On/Off Ramps
• IBANs

Over the past year, Baanx have been approved on the FCA register to undertake cryptoasset activities in the UK (https://ibsintelligence.com/ibsi-news/baanx-has-received-fca-approval-to-undertake-crypto-asset-activities/) and acquired a stake in a US bank to access further licencing for their expansion globally (https://news.bitcoin.com/baanx/) whilst building their services. Baanx has a number of high profile clients that it looks to be launching services for in the near future including the following -

• Ledger (https://techcrunch.com/2021/12/09/ledger-to-launch-crypto-debit-card/)
• Tezos (https://xtz.news/adoption/baanx-launches-the-cryptolife-mobile-digital-asset-platform-app-for-tezos/)
• Akoin (https://cryptoslate.com/press-releases/akoin-and-baanx-launch-akoin-card-allowing-akn-to-be-spent-anywhere-in-the-world/)

The token is planned to be used as part of a new product called 'Cryptodraft' to allow users to gain access to 0% lending backed against their cryptocurrencies which will be spendable directly on a card. As the services launch across their list of clients over the coming year, which are estimated to have millions of users there will be an increase in demand for BXX and a surge in users staking the token which should hopefully see an uplift in the price. Currently the token has a low amount of holders with a max supply of 250,000,000 BXX, so once the token is rolled out across a number of the Baanx products there should be some interesting price activity.

Owning BXX will give access to 0% lending, the ability to pay off Cryptodraft fees at a lower cost and users will be offered BXX rewards for usage of the various services that they plan to roll out in the future. This should drive a huge uptick in activity for the token and is why I believe this is a good time to purchase prior to any of the launches, given the profile of the clients currently being touted in news articles.

As always, do your own research and thanks for reading!