Very promising ICO in presale stage that could become huge! BABB - Everyone is a bank - ICO review

I had a look at https://getbabb.com

Very promising project that could become huge!

Product

BABB APP

With the BABB app, you can open a UK bank account from anywhere in the world by taking a selfie and saying a passphrase.

Once you’ve entered the BABB ecosystem, you become your own bank. Anyone with a smartphone and an internet connection can participate in BABB’s global marketplace.
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BABB Card

How it works
Retailers can accept payment using the BABB card by simply downloading the BABB app and scanning the QR code or via NFC. Payment is made instantly into the retailer's bank account and the funds can be used immediately.

Where it works
With the Black Card you are able to spend your BAX in shops and peer-to-peer. Payments can be made instantaneously, anywhere in the world or for online shopping.
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The Roadmap




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For further details check out the whitepaper

ICO review summary

Product : very interesting destruptive (retail banking) product.
Solving a big pain of lots of people. With world changing vision - bank the unbanked, giving access to everybody to a UK bank account. Fiat gateway.
Team : very strong team ( 16 people presented on Webpage ) with technology and industry experience, strong advisors
Roadmap : started 2016 $1mio seed funding, filed 3 patents, 2 more patents in application, developed part of the app, launch of the app Nov 2018
Community and hype : very small and low hype
Stage : whitelist closing soon, presale starts 15.01.2018, 25% presale bonus, then 20% mainsale decreasing with the duration of the sale.
Token Sale :Hard cap of 20 mio usd
Contributions : ETH

Conclusion

+I like the product a lot. It uses the potential of the blockchain to solve a big pain and bring change by giving deprived persons access to services they do not have yet.
+Strong fundamentals (team, patents, financial institution licence UK as authorised payment institution, in application for banking licence, started 2 years ago, invested already $1mio seed funds)
+Very good entry point at presale stage with 25% bonus
+low hype atm could be hyped as soon as it is picked up by some influential crypto bloggers
-low hype and small community atm would rather be a long term investment which will depends on addoption and the teams ability to make this project fly.

Feel free to comment. I'm glad for every comment!

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