It's just unfortunate that it's already traded on some exchange, but it really looks like another Bitconnect coin in the making, I lose so much on Bitconnectcoin and so are my friends, we should stop anything that resembles Bitconnectcoin.
If the story with bitconnect is repeated, it will be a large-scale fraud and will entail criminal liability.
Yes you are right. And i think this will be repeated as per this secenario. Many of such scam project are coming to market everyday so i think the forum has to take strict action towards such projects.