We have acquired our third customer paying with BBN from the Consumer Finance Industry.

At present, the third customer has paid for 1 million BBN which will be used to access 5 super data source APIs related to the financial credit industry to improve their risk management products and services.

The customer focuses on the consumer finance industry by providing third party big data risk management services. They have established long term strategic partnerships with over 800 organizations and have gained a good reputation for the quality of their products and services.

Our customer pays in fiat and receives BBN tokens taken from our Ecosystem budget. The customer then deposits the BBN to the Banyan Data Platform account and BBN is billed for accessing our DVN APIs. The BBN income generated by our customer will enter a smart contract and will be locked until October 2019. At the end of the lock up period, the community gets to decide the fate of these BBN.

Banyan Network fans can follow the BBN income at the following address: https://etherscan.io/address/0x358fbc8e5368956c9308b17fa5f054771d365b98

The fiat income earned from our customer will be used to repurchase the same amount of BBN from the market and will be deposited into the Ecosystem budget of 2019. The BBN repurchase information will be disclosed quarterly in 2019.

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