yes, it is. it is NOT new lol, this dev and project have been around since 2015 and it's been totally revamped. they are now rocking and rolling. everyone will see soon

Wow if this has been going on for a long time and has continued to change until this year, good things should come up with hard work all this time in my opinion.

Initially I thought this was a new coin, after I did a searching relate this coin, it turns out this is an old coin that was previously namely Wild Beast Bitcoin.
Yes, the WBB was the starting point as a PoW coin. This has then be forked and replaced with CHBT PoS 3.0. Now, after several years the V5 of CHBT it is to show that things can be done differently for a PoS coin with added features.
We will steadily release new functions for CHBT V5 like we have done so already. These features will become available over the auto update feature on the V5 Wallet as we release it.
Hopefully, in time the interest for it will increase as functional usage and use cases are given with the V5 version.
Thanks
CHBT Team