I hope it is not that case with scam and these guys will show us working product finally.
I don't want to make predictions on this matter, but I am going just to keep an eye on this thread in order to get updates about this exchange.
There's no way they can launch a working product, Private sale is not working well.. Public sale is 79 days to go until start.
With only 8% allotted in development of the actual product wait for atleast 2 years before we can see a prototype or beta launch