As per my observation regarding these new DeFi tokens, most of them whenever they are getting listed on an exchange especially on Binance they are pumping for quite a short amount of time and then will get dumped immediately. You can make a trade with it actually if you are a good trader and know when to entry and exit and make a few bucks on it.

Now regarding to this project. No whitepaper = scam. No product = scam. Not transparent = scam. I saw that they have launched a bounty campaign. I just hope that they will pay the bounty hunters though :X.