No, it's not an ETH token. It is a real POW mineable only coin.
The first mined ETH token with smart contract is here: https://bitcointalk.org/index.php?topic=3039182.msg31273994#msg31273994, another interesting project his year. IPBC coin is also very good project this year, but at this moment, too high hashrate is in the pool from ASIC machines.