It is definitely, 100% a scam.
I wrote an article aggregating a lot of known information about the project which should be helpful to anyone trying to catch them, including "team members," screenshots of their now defunct Twitter and contract addresses.
You can read it here:
https://steemit.com/magos/@nighthawk888/the-million-dollar-magos-io-and-aio-network-scamAll somebody really has to do is contact Facebook, Twitter, Medium, and all the places they published to trace their steps.