So how is it going with this project, I don't see any new in recent time so it would be nice to hear some news here
Hate to say it, but you're right, they seem to be in the preparation stage at the moment, several times they posted "JOIN US" on their Twitter account with the aim of inviting more people. They should have shown how their own project progressed every now and then, although they said that the mainnet in Q1 this year.