To the best of my knowledge, its a legit setup and youtuber Boxmining actually visited their shop and interviewed them. They also showcased their blockchain based RFID application. Promising project actually but it didnt give me that 1000x vibe.
https://www.youtube.com/watch?v=RzhXncTVOzAThought experiment:
Freeze that video at 1:09, 1:12, 1:14. Look at all young guys in the room as the interviewer first walks in. At 1:12-1:14, does the monitor visible in the lower left corner look like someone coding, or does it appear to be a social media site? Does it look like anyone is coding anything in that large open space with young people and monitors? Are you able to connect any of the people sitting inside that office (which based on the "Cityscape" sign appears to be rented space) when the interviewer walks in and match them to the photos at the back of the white paper (the "team")?
https://bitcointalk.org/index.php?topic=2127069.msg41741569#msg41741569The above post ^^^ from the WTC thread is pretty typical. A new user, with just three posts to his credit. He not only took the time to look at the document I linked to, he even comments on it:
"I am now following this project. Read the whitepaper (May 2018 version), verified the team, read their patents, appreciated their government connections and presence in China and Korea IoT and Blockchain industry, their vision, careful planning, modesty and seriousness. This is all very impressive, unlike most (any?) other project I have investigated.
I am really dumbfounded with people still calling them scam or "pie in the sky" Huh"
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He has verified the team? Really? How?
What patents? Anyone can apply for a patent, show me an actual granted patent.
This is shilling on a grand, grand scale.