That is what the demo looked like but from what I understand by all the docs I have seen it is more like ethereum but with file storage and sidechained with bitcoin...It looks like they want to create a basic version of DeOS then charge for "plugins". Kind of greasy if you ask me.
Yeah well it also was supposed to have 27,000 active users busy writing smart-contracts and developing on it since January of 2015, too. So I'd take anything that was posted on their website or came out of Jawad's mouth as stinking to high-heaven of bullshit.
The goal was to sufficiently astro-turf the whole concept and company so they could fool people into investing, that's the take-home message for every bit of deception and fraud they're guilty of.