ADA is built with serious technology (haskell) and the team looks great; They can be seen in many Youtube vids and Twitter pic posts so they look real to me!
This is a staking coin so it is not mined - people will want lots when staking kicks in.
Checkout the Github pages and see how active these guys are in changing the face of this space.
They have links to many academic institutions with crypto being treated as a science - many detailed docs on their website!
This coin was created with a goal to address many of the design flaws in some of the major coins out there so potentially a serious ETH contender!!!
This project looks great, and the future looks bright for the development of this coin.