The only similarity with Bitcoin is BTC in it's name and limited supply of 21 million tokens.

But technically it's way different than BTC. It's standard ERC20 token on ethereum blockhain. It's not minable and all the tokens have already been generated. The developer kept 5% of supply  for himself and 95% were distributed during free airdrop. Now he hopes those that got free tokens will hype them up and sell to inexperienced investors, so he can get rich by selling his 5%. It took him just a few hours to create that token at most. It can't do anything but be transfered to another address. One could argue that Bitcoin can't do anything more than being transfered too and that ERC20 tokens have faster and cheaper transactions, which is true. But Bitcoin is the most adopted by far. And to get wide adoption any cryptocurrencies need to be recognized in public and have huge community. Some token that was only meant to make it's creator rich with almost no work done will never get widely adopted.

So don't fall for eBTC.