For me it is looks like another scam now, first i thought that it is something new and real (time will show succesfull or not). Registered for free distribution and was ready for ICO.
BUT, i got email 3 days ago:

"Hello, we have sent you 125.94458438287 to LEzV5vutz3qQtVMk65yVqsiyVBfZcp8j4I as part of your daily payout in the Free Distribution. Remember today begins Lithium's Initial Coin Offering in case you want to get more Lithium "

And guess my balance in web wallet now?
It is 0. So looks like project is shit...