am I just too paranoid thinking this will probably end up with people loosing money?
No. But that's what I think about (almost) all of all announcements in
Announcements (Altcoins) and
Tokens (Altcoins). All these coins and tokens are created to make the creator rich, and get money out of gullible and greedy fools.
Just for fun: search for the word
disrupt on those boards, and see what happened to those projects.