All of these etherium and waves based token that appeared overnight had no white papers, no websites, no indication of the person or team behind them....Although it didnt look malicious (I.e., no one asking for private keys or sketchy wallet downloads that I saw), they were probably just money grab attempts based on the brief success of eBTC. I think the mods made the right choice by giving them the axe, if that is what happened.
These guys were not going to steal your keys from purses. They wanted to make a Ponzi scheme, and it is far worse in my opinion.
A ponzi scheme when the tokens are free? That won't work.