BABB is a platform that leverages the blockchain and biometrics technology to offer users the ability to become a bank; a BABB account can deposit/withdraw funds, issue loans, borrow sums, and even convert currencies.
Part 1: VRIO Analysis
VRIO analysis gives a crisp and tight snapshot of the odds of success of a project.
I’ll be analyzing whether BABB genuinely adds value to the overall state of cryptos and whether its value-addition is sustainable and maintainable.
Value: A project is valuable if it allows a better means of exploiting resources.
BABB is making way for better exploiting of one of the greatest technological resources: the blockchain.
BABB offers an opportunity to the unbanked to gain access to the most important benefits of having access to a bank account. By allowing the global community to become a bank, BABB is creating a platform where users can support each other in every way.
BABB is going to make way for capital to reach new entrepreneurs, it’s going to secure funds for those who would otherwise be at risk of theft, and it is going to offer a new channel of investment for the trillions of dollars that sit in low-interest deposits earning dust annual rates as low as 0.017%.
Moreover, as per the basic benefits of the blockchain. BABB will offer a high-transparency means of transacting and will be completely secure. BABB ups its security credibility by leveraging biometrics. BABB makes it extremely easy to sign up as all it takes is a selfie; the blockchain and biometrics technology handle the rest of the security concerns.
By offering an easy an convenient means of offering the most seamless banking service to the global community, BABB is value-additive measure that could go in the pantheon of the blockchain history books.
Rarity: If a project offers something that can be attained without the blockchain, then generating market adoption will be very challenging. The offering needs to be tough to get without the aid of the blockchain.
There are many existing financial institutions but these firms have excelled at investment prowess; BABB is a technological leader.
BABB’s strengths are that it is leveraging cutting edge technology. While man other blockchain projects also hope to pursue BABB’s goals, BABB is the only one with an effective operational model. Additionally, BABB’s black card is going to be the first medium of utilizing cryptocurrencies and fiat transactions seamlessly.
Imitation: Imitation is a major threat to any new project and it’s important to analyze whether a project’s key aspects can easily be reproduced by copy-cats.
Imitation is commonplace in the blockchain environment. But BABB is a project that cannot be imitated so easily. The low-hanging fruits of the blockchain revolution were the base blockchains and token launches which were swift victims to copy-cats.
However, BABB is an extremely advanced platform which would require a highly technical team working alongside business leaders.
There are very few teams in the world blockchain sphere that can pull off such a project as the collective skillset required is too high. All such teams are already pursuing powerful and highly impactful projects and they have their own missions; they have no value to imitate BABB, especially since an imitation of a project would observe low funding and would tarnish the reputation of the imitators.
Organization: Any company is essentially a successful effort of a group of individuals. Any crypto project’s success heavily rests on the capability of its team to properly manage and organize all efforts and funds.
BABB’s team has considerable experience in the target industry and its members are qualified to build the tech necessary to carry out this project.
The challenge will be how well the team remains organized as adoption kicks in. This is a truly global project and there are going to be many layers of operational complexity involved to succeed worldwide in so many different cultures.
Part 2: Essential Information
Website: https://getbabb.com/
Whitepaper: https://getbabb.com/babb-whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2349340.0
Telegram: https://t.me/babb_official
Token Sale: FEB. 6
Token Type: ERC20
Ticker: BAX
KYC: YES
Accepts: ETH
1 BAX = 0.0012 USD
Team From: UK
Note
As is the case with investments in any security or asset, you should invest in ICOs and tokens only an amount you are willing to lose. Investments in the crypto market are high-risk, high-reward moves and investor due diligence is imperative.
Watch Out
If you intend to invest in the project’s ICO, be sure to utilize the official project website. As disappointing as it may be, scammers are rampant in the crypto market and many try to scam investors through deceptive measures by identity theft of project leaders and phishing measures.
You should only contact official company social media profiles for your informational needs and queries, and you should invest in the ICO directly through the company website.
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BABB Website: https://getbabb.com/
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
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