Did the CEO have any experience managing projects like this before?
XCRYPT CEO is Loren Minel Andronie.
https://www.linkedin.com/in/loren-minel-andronie-9143a0161/He is also the Co-Founder of CEOKLUB Venture Fund (CVF) is a venture capital fund created partly by altcoins and partly by fiat. CVF seed was sown in July 2018 and immediately came into existence. CVF is an off shoot of CEOKLUB that was formed by the founder and CEO of Bravo Coin Jae Shim. A brilliant idea to get the CEOs of different ICOs on one platform and support each other in collaborating partnerships and token swaps.