though many ideas from this project but do not have anything new they have and the fact that they now have a territorial limitation, even off-putting .
What do you mean by this? A lot of serious companies need to have territorial limitations so that they comply with the local laws.
If you check the roadmap you will see that they are planning to expand to other counties. Personally i don't think this is a problem, they will be able to market and put their attention on India to begin with (which is a huge market), and when the exchange has gotten a steady foothold they expand to new territories.