HabibiCoin

HabibiCoin
ICO date: 18.06.2018 - 18.07.2018
Description:

HabibiCoin is an asset backed coin. ICO funds are invested in a global real estate portfolio and mortgage buyouts.

How it works:

Habibi Coin is solution that helps regular people become real estate investors without having high incomes or going through a troublesome process of acquiring the right paperwork.

The company focuses on government backed projects and construction with low risk. 80% of the funds raised will fuel constructions around the world. The portfolio is made global to escape bankruptcy if one country faces problems in real estate industry.

The rest of the ICO funds goes towards mortgage buyouts in its community. If the management team and the advisory board deems a homeowner trustworthy, it buys out the whole mortgage and effectively becomes the lender. The homeowner then can save a ton of money that he would otherwise pay to his bank in the form of interest. So being a member of HabibiCoin community actually pays if you want to become a homeowner.

Innovation:

Real estate backed coins are not well spread today, there are two or three competing companies. Even though the idea is good, HabibiCoin doesn’t provide sufficient evidence that it is truly stands out amongst its competitors.

Innovation score: Medium

Token value:

The description of the benefits HabibiCoin token provided is not totally clear. As it is presented in the white paper, HBB will receive profits from the revenue generated by the real estate investment and mortgage cash flow. While the white paper states that token holders will receive monthly payments from the funds earned on mortgage buyouts, it is unclear whether similar payments will be made from the real estate construction revenue, or the benefit the white paper talks about is just HBB’s rise in price due to growing real estate portfolio.

Either way, monthly payments from mortgage cashflows is enough to give HabibiCoin a good score in this category. Stay tuned for the updates on payments from the real estate revenue.

Token value score: High

White paper:

The white paper HabibiCoin presents is not rich with words but it explains the benefits of the project rather well. It describes the problems on the real estate markets, complete with Middle Eastern specifics. The section that talks about company’s solutions for these problems is very detailed. The white paper also shows the company’s investment strategy, mortgage buying out plan and key markets they want to work in.

White paper score: High

Roadmap:

The roadmap is not very informative. It mostly gives an outline of the ICO campaign. The team was created in November – December 2017, so it is rather fresh. The company plans to begin the first stage of investment and mortgages buyouts in October 2018.

Roadmap score: Medium

Business model:

The company targets a wide mix of people, those who wish to be fractional investors, homeowners who want to save money on their mortgage payments and members of crypto community who want to use an asset backed coin.

The investment strategy is to analyze the deal flow and approve projects through a voting process. The focus is on new projects where investments can generate profit in 12-24 months and those that are expected to bring high profits. Short term living facilities that generate monthly profit are an essential part of portfolio as well. The company will look for such projects in North America, Europe, Middle East and Asia.

As for the mortgages buyouts, the applicants will be found through sourcing networks, communities and Muslim organisations.

The revenue streams are not made clear, but can be assumed to be substantial.

Business model score: High

Team:

The team is a weak point of HabibiCoin. There are a lot of members presented on the website, but they have no bios and no links to their LinkedIn profiles to assess their expertise. The advisory board is to be announced shortly.

HabibiCoin team wasn’t cooperative enough to give us the information we need to give their project a fair score, but we are currently waiting for this aspect to be clarified. Subscribe to our newsletter to be the first to know the updated score.

Team score: Low

Competitors:

The real estate market is highly competitive, but in the real estate backed cryptocurrencies niche it is not that high. There are a couple of direct competitors like Share Estate, SwissRealCoin and Aperture, but they are not enough to constitute a serious competition on the global scale.

Competitors score: Medium

Overall thoughts:

HabibiCoin has a great idea behind it and its business plan seems effective. But because of bad presentation of the team the project cannot be evaluated to be a worthy investment, as we are not sure in the expertise of the people behind it. Stay tuned to the updates to know if the score changes because of new information.

Website: habibicoin.io
Whitepaper: Whitepaper

Overall Score

Medium

3.3 / 5

Risk score

Medium

Crowdsale


Pre-ICO

Pre-ICO start date: 30.04.2018
Pre-ICO end date: 17.06.2018

ICO

ICO start date: 18.06.2018
ICO end date: 18.07.2018
Soft cap: 15,000,000 USD
Hard cap: 59,000,000 USD

TOKEN DETAILS

Ticker: HBB
Token price in USD: 0.05

Legal


ICO Platform: No
Registration Country: United Arab Emirates