I honestly don't know if this is a scam or not, but to me, this doesn't pass the smell test.
OP, please provide more info.
To everyone else, I offer the following simple suggestions that apply to any project:
1. Invest rationally, not emotionally (i.e., know what you're investing in).
2. Know who you're investing in (i.e., be sure to check out the people involved in the project: research their crypto experience/track record, read their biographies, and look at their trust ratings and trust feedback if they have bitcointalk profiles).