Since the project is about crypto currency mining,i would like to know whether they are doing the same things like minergate ,since the project is planning to accumulate 500,000 ETC which is almost seven million in today's valuation ,my simply doubt is that whether this project need that much amount of money to build a software like this. 
It's actually nothing like Minergate. And, like we said before, 500K ETC is our best case scenario. We're not actually expecting to raise that much.
Just wait until your software is up and running. People will come running. If you add a few percentage points in efficiency, you will actually save miners money AND you get all kinds of cool, automatic, hassle-free features as a bonus.