Scam alert. There is no mention of them on coindesk yet they have logo of coindesk on their site. None of the hyper links on the site take you anywhere.
I have nothing to gain from this statement. Do your own research and be careful please.
I do get where this "scammy" feeling come from.
The team has awesome background, yet small for a project like this especially when they claim to have a working prototype. The institutional investors are seasoned and well-known in China. The token economics seems fair, no crazy bonus for early/institutional investors.The roadmap is clear. The hype is there. But the entire ICO process, so far, seems a bit confusing, imo. Telegram channel had no admins to answer questions in the first weeks. Current admins - I don't know if they are from ArcBlock internally. In short, I think they can improve their transparency. Without transparency, there will always be people calling this project a scam.