We have acquired our fourth customer paying with BBN from the Public Safety and Security Industry.
At present, the fourth customer has paid for 5 million BBN which will be used to access 5 super data source APIs.
The company’s main business is to provide information services to public utilities. They provide a mobile internet application that serves individuals and public safety. It has established long-term strategic partnerships with over 500 companies.
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.