I think no, they have finished their ICO ahead of schedule on 23 January, rised full hard cap 30$ million. According to company`s media sources they would like to penetrate into China`s energy market, democratize and decentralized it. But China is a y closed nation-State, completely different from Romania, where MWAT team used to work. The good news is there still exists a lot of democracies on the globe, bunch of use cases for mwat tokens.