Undoubtedly a scam and here's why:

1. Their so-called whitepaper is plagiarized from MEW.
2. Website is just 3 weeks old and almost an exact copy of the old MyEtherWaller outlook.
3. Website's source code has many outgoing links to MyEtherWaller GitHub profile.
4. CEO/CTO are both fake, the CEO's name has been used in another scam and CTO ICOBench description is stolen/copied.
5. urlscan.io gives them a 100% score on being a malicious website and a direct phishing attempt against MEW.
6. EthaDollar is supposedly a stable coin backed by the US dollar and their initial supply is 30,000,000 ETD lol
7. They are giving away $500 to the first 20,000 people. A quick math = $10,000,000 Lmao