Ismail Malik is a well-known advisor with pretty good successful ICO rate. I don't think that he would support this project if it wouldn't be interesting.
Regarding that, I don't really understand myself, so in my opinion, it's better for us to just follow the developments so far so that we don't miss information, but it all depends on you.
XXA in on Pre-ICO stage, also called as early investor stage. It's a start.
All companies and products has their day one. Question: How many Pre-ICO companies is already fully licensed when they start Pre-ICO?
I say 99% of all companies who start Pre-ICo, don't have any license for their crypto business.