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Mission
Our mission is to provide a platform where ordinary people, along with affluent investors, can also invest in luxury goods, exquisite items, posh properties, economic zones and priceless collectibles like rare stamps, wines, watches, exotic automobiles, fine arts, artifacts and many others. We aim to provide a better alternative for people to invest in other than fiat currency or conventional investment instruments. New Babylon provides a platform for those people who have less money but also want to leverage from these asset classes. Our token has a great vision that if you want to become truly wealthy, you must pay yourself first before paying anyone else by setting aside a small amount, at least 11%, of your total monthly income for investment. New Babylon (BYN) is an immutable, transparent, secured and asset-backed token that exists as an ERC-20 protocol token in the Polygon Blockchain Network as a layer 2 solution to scale the Ethereum Blockchain Network, unlike most tokens out there that have no underlying assets or tangible value.
Vision
We aspire to include “cryptocurrency in every portfolio.” We envision a world where wealth-building strategies that were once only accessible to affluent individuals to become available to everyone, transferring the power over our financial systems back to the people. New Babylon (BYN) token is going to create a revolutionary ecosystem to bring more people into digital assets and help them invest in tokenized high-ticket investments and crypto currencies at the same time. We strive to create an ecosystem based on sound monetary policies, with a sound and solid decentralized foundation expected with New Babylon (BYN) token as a real asset-based token. New Babylon (BYN) token has the ability to maintain the privacy, security, power and autonomy of the investors.
Ecosystem
New Babylon token ecosystem is based on the three important features
Polygon Blockchain
Asset-Backed Token
Tokenization
Polygon Blockchain
Polygon, earlier known as the Matic Network, is a scaling solution that aims to provide multiple tools to improve the speed and reduce the cost and difficulty of transactions in blockchain networks. Polygon is a multi-level platform to scale Ethereum, thanks to a plethora of side-chains, all of which aims to clear with the main platform in an effective and cost-efficient manner. Polygon Network strives to solve the connectivity and advantage issues, not compromising on decentralization and taking up the existing developer community and ecosystem. Decentralized Apps (Dapps) are being suggested in huge numbers, but the current blockchain ecosystem is not ready to scale to match the demands of user applications with mass adoption. New Babylon (BYN) token is leveraging on these features of the Polygon blockchain. Polygon provides the greatest advantages over other blockchains, among others previously mentioned, if a token is launched in the Polygon network, that token will benefit from the capabilities of Polygon’s greater access to interoperable decentralized applications on diverse platforms while still enjoying all the security features of the Ethereum Network.
Benefits of the blockchain
Ethereum Compatibility
Polygon network layer is responsible for handling local agreements and blocks production while performance layer is handling the performance of the Ethereum Virtual Machine for smart contracts. Also, other features are industry dominance, established tech stack, tools, languages, and standard enterprise adoption.
Developer Experience
Polygon developers and Polygon development companies must understand that Polygon maintains very fast transactions of less than two seconds without compromising decentralization by permit stakers to choose block producers who provide the agreement for Polygon, equivalent to Ethereum, no protocol level knowledge required, no token deposits, fees or permissions.
Modularity
The modularity of Polygon for collecting custom networks allows developers to send fixed blockchain networks with just one snap. Besides this, Polygon makes it simpler for any blockchain to cooperate with another blockchain. High customizability, extensibility and upgradability, short time to market, and community collaboration.
Interoperability
The Polygon network can interact with other blockchain networks and have native support for arbitrary message passing (tokens, contract calls etc.) as well as bridges to external systems.
Sovereignty
A decentralized marketplace permanent Polygon can combine with the Ethereum blockchain. This process enables sovereign blockchains the facility to develop multi-chain systems. These systems typically see thousands of transactions occurring in a short time. Dedicated throughput/resources, fully customizable tech stack, sovereign governance.
Scalability
The Polygon blockchain project is an Ethereum scaling solution and a framework for creating and connecting Ethereum-compatible blockchain networks. The agreement aims to address some of the most urgent issues that the Ethereum ecosystem is facing today including low throughput, high transaction fees, dedicated blockchains, scalable consensus algorithms, and custom WASM execution environments.
Asset-Backed Tokens
Asset-backed tokens are digital claims on a physical asset or a portion thereof and those tokens are backed by that asset. Gold, crude oil, real estate, equity, soybeans or just about any other real physical asset can be tokenized and become an asset-backed token. Engagement in asset-backed tokens permits would-be speculators and investors to access the expensive, exclusive and locally regulated capital-raising process required by venture capitalists or banks by issuing a percentage of coins or tokens in exchange for cryptocurrencies through permissionless global blockchain networks. Tokenized assets are very different from cryptocurrencies. Tokenized assets have distinct use-cases as they offer liquidity and access that differentiates it from cryptocurrencies as tokenized assets do not exhibit the network effects such as extreme volatility or rapid appreciation or depreciation of value.
Benefits of Asset-backed Tokens
Transactions
In traditional business dealings, brokers, agents, and legal representatives can add important complications and expenses to what should otherwise be a straightforward transaction. There’s paperwork, brokerage fees, commissions, and many number of other special conditions which may apply.
More Confidential Transactions
Under cash/credit systems, your entire transaction history may become a reference document for the bank or credit agency involved each time you make a transaction. At the simplest level, this strength involves a check on your account balances, to ensure that sufficient funds are available. For more complex or business-critical transactions, a more thorough examination of your financial history might be required. Another one of the great advantages of asset-backed tokens is that each transaction you make is a unique exchange between two parties, the terms of which may be arranged and agreed in each case.
Individual Ownership
In a traditional banking or credit card system, you effectively turnover power over your funds to a third party that can exercise the power of life or death over your assets. Accounts may be closed without notice for breaking a financial institution’s Terms of Service, requiring you as the account holder to jump through circles in order to get yourself back into the system.
Strong Security
When a cryptocurrency transfer has been authorized; it cannot be reversed as in the case of the “charge-back” transactions allowed by credit card companies. This is a safeguard against fraud which requires a specific agreement to be made between a buyer and a seller regarding refunds in the event of a mistake or returns policy.
Tokenization
Tokenization is the representation, in the form of a token, of a right to physical or digital assets. The token is a sort of a container that can hold a property right on a luxury good, a share in a company, or the fractional ownership of a property. Tokenization is like crowdfunding, breaking up the value of a real estate investment into smaller chunks wherein each fraction of a real estate asset is converted into a token, then encrypted with all the details that grant ownership. The transformation of illiquid real estate investments into tokens means that a direct investment in a property is vested with the character of an indirect investment. Issuers can, as a result, secure a higher liquidity. This allows a broader group of investors to invest directly in real estate. Tokenization brings liquidity, fractional ownership, lower transaction costs, transparency and automation to the realm of physical and digital assets investing.
Benefits of Tokenization
Asset Transfer
This is the most important feature of tokenization that tokens can easily be transferred from one owner to another as it all happens in the blockchain ecosystem.
Confidential Transaction
Unlike traditional investments where every transaction must be recorded complete with your personal information that must remain private together with your entire financial history then these records become available to banks and financial institutions, it is the New Babylon (BYN) token basic feature that every transaction is confidential, encrypted and secured.
Hold Ownership
It is also a major feature of New Babylon (BYN) token for owners to be able to hold their tokens and/or cryptocurrencies while maintaining absolute authority over their own wallets and everything in them as their tokens grow in value over time based on the tokens' underlying assets
Strong Security
When you perform transactions in the New Babylon (BYN) ecosystem, you cannot reverse it so make sure that you send or receive using accurate wallet addresses and that your wallet is eligible to receive ERC20 protocol tokens in the Polygon blockchain network. Nobody can help you if you will commit that mistake of transferring or receiving to/with inaccurate wallet addresses, not even us, which will result to permanent loss of those tokens and ownership over the assets that those tokens represent. It is also your responsibility to safeguard the private keys and/or seed phrases of your wallets because when you lose them, they are lost forever as we cannot help you recover them
Token Allocation
THE CREATORS
Mr. Elmer Francisco
Chairman
Mr. Dominic Francisco
Chief Executive Officer
Mr. Christian San Jose
Chief Operations Officer
Mr. Jay Medina
Chief Technology Officer
Mr. Roman Albasin
Chief Information Officer
Dr. Jose Joaquin Hernandez
Chief Health Officer
Mr. Steve Sim
Chief Business Development Officer
ADVISORY COUNCIL
Amb. Harry K. Thomas, Jr.
Strategy Advisor
Dr. Gil Nonato C. Santos
Science Advisor
Mr. Patrick Dionisio
Technology Advisor
Mr. Vinci Roxas
Investment Advisor
Lt.Col. Brian Vukelic, USMC
Military Advisor
Mr. Aron Dutta
Finance Advisor
Mr. Clayton Kingman
Hydrogen Advisor