BABCoin is a digital token ‘earning’ rewards for being part of our community. BABCoin is available to all existing and new members of the Big Apple Brits community.
The total market size of BABCoin is limited to 100 Million (100M), this figure cannot be increased at any time, offering stability and scarcity, within this marketplace.
In phase one, we distributed a % share of 10 Million tokens to existing members who opted in. In the next phase there will be various ways to earn more tokens such as:
– Attending events
– Being a host at one of our meetups
– Writing content for the blog or sharing information that will benefit the expat community.
– Lots more!
One day, you may very well be able to use your tokens in exchange for goods or services!
The BABCoin digital token is created via the Counterparty.io protocol. Counterparty enables digital tokens to be created and secured utilizing the largest & most secure, decentralized blockchain, Bitcoin.
New to BABCoin? Get Started Here
The step-by-step process below will take you through:
- Creating a Counterwallet for yourself (which has your private 12 word passphrase)
- Your own unique BABCoin wallet address (which will be public, so you can receive coins)
- How to claim your % of the 10M BABCoin share.
Part 1 – Setting up your wallet, passphrase and unique wallet address.
- Goto – https://wallet.counterwallet.io
- Click – Create New Wallet
3. Write down the 12 word passphrase, several times, and ensure this is 100% correct (If not, you will never be able to access this wallet again and all coins will be lost, forever!)
4. Check confirmation Box to confirm you have written it down.
5. Click on the blue continue button. You will then get a screen saying that you can use a Quick Access URL, but we would recommend simply using the 12 word Passphrase Only – So Click – Skip this Step (example screenshot below)
6. A login screen will then appear. Go ahead and login with your 12 word passphrase, ensuring a space between each word. (you will need to accept the terms)
Once you have logged in to your wallet – Click on the long string of letters & numbers next to My Address #1, which would look similar to 15vRoNax5C8n9q3PofgGZ8aK65DagcF1yU (see example screenshot below) THIS IS YOUR BABCOIN WALLET ADDRESS!
- Click to highlight the wallet address, then right click and copy this Wallet address to the clipboard (do not try to type it out manually) and paste to notepad or another similar text application. (you will need this wallet address to claim your BABCoin)
- Finally, double check that your wallet address and 12 word passphrase match-up. Log out of Counterwallet, then log back in with the 12 word passphrase you saved. Then check that the wallet address you see again is exactly the same as the one you just copied and pasted in step 7.
Congratulations, you have setup your unique wallet for BABCoin!
Part 2 – Claiming your BABCoin.
1. Goto https://meetup.com and login
2. Goto our group – https://meetup.com/NYC-British-Expats/
3. On the left hand side of the page (half way down) under Organizers, click on the user BigApple Brit
4. Under the user name, click on Message
- In the message box, enter the following:
– Paste the CounterWallet address you saved from Part 1
– Your current email address
– Your Facebook profile
– The Passcode or other instructions we have given you at events etc to claim specific BABCoin rewards. (Please see events pages to claim)
Congratulations, you are now a member of BABCoin!
When we have sent the BABCoin to your wallet address, you can check your coins in your wallet. A new box will appear showing the total amount of BABCoin received. (BABCoin will appear where the red square is below)
All BABCoin blockchain activity, share holder percentages etc can be viewed here – http://blockscan.com/assetInfo/BABCOIN