I also think that this project is Scam. We still haven't seen the team, although they were going to report it
For new joiners they needs to be on alert as such type of projects which if turn pout to be scam can be a real disaster as they might lose out their money which they had invested to purchase the coin. And in starting only if you get this experience you would be scare to invest again in any of exchanges to buy the crypto currency.