Where did you get the information? It will be good if you put here in order to many people give an assessment againt it. As far as I know the team will give an announchment that they will lounch a new project for its coin. However, that thing can be used as speculation for investors and usually they will have a self-assessment of the plan. I'll not give an assessment to this information because I haven't found an information about it, hopefully I can find it.
There were some discussions in this group:
https://www.facebook.com/groups/icoinvestments/This is only in the Facebook group, I'm not sure if it's not from the official, keep looking for the right and accurate information and in my opinion don't depend on the group.