It looks like Elastic Project (XEL) is a scam.
They are doing a crowdsale here:
https://bitcointalk.org/index.php?topic=1396233.0

I asked why their github is empty. Then they gave me a link to their 'wallet' which is obviously simply an old copy of the NXT client. As you can see they didn't even bother to delete all NXT files, changelog, etc..

I asked completely civilised about this strange lack of any substantial code but got called 'troll' etc...

Judge for yourself, I made a copy of everything with the waybackmachine to be safe:

Thread where I revealed their lack of code: https://web.archive.org/web/20160628225608/https://bitcointalk.org/index.php?topic=1396233.msg15401681

Their 'wallet': https://web.archive.org/web/20160628223218/https://github.com/OrdinaryDude/elastic-reference-client

NXT changelog in their 'wallet': http://web.archive.org/web/20160628225140/https://github.com/OrdinaryDude/elastic-reference-client/tree/master/changelogs

Edit: The chief scammer of 'Project Elastic' just sent me this professional message:

http://imgur.com/pDUaC7c

so why did you removed your negative feedback anyway? dont tell me you were scared? Cheesy

just asking hahaha imma grab a popcorn too Cheesy