I'm very familiar with the admin and one of the moderator of the Discord. Known them for years in crypto. They are more active on other forums over Bitcointalk (I love this forum) - times are changing.
As far as the coin, I just joined the Discord today after speaking with one of the mods yesterday. He told me of the vision for 401k coin. I had an idea somehow, (and this would be
way down the line, but incorporating it into
actual 401k's somehow. I know some allow parts to be invested in crypto - just a thought.
Wording from the whitepaper imo that might need to be changed: dividends.
401K Fee Free Pool will give users of any financial standing a place to deposit their coins, and collect dividends.
I like the idea of a fee free pool with no minimum deposit - good for the community. As for use cases? I am available to talk to the team and share with them a couple I've been thinking of.
The bottom line is I trust 2 of the guys on the team - this will not be a pump and dump MN that fizzles out in 3 months.