Right now, it is saying that they raised about $16M. That's a lot of money to begin with. How long are they selling their tokens for this project? Time to offer their services here. That money is more than enough to deploy a good project. But they need to reach out as many universities or schools as they can. Solid use case will make them survive long in the market aside from the potential increase of their value.
It doesn't seem to be a true story, did you see how flow was collecting more than it? Casper was also collecting more than 65 million USD as funding at this time. The project was going to the moon already collected a lot of money too.
I think that they the team will be selling the token capped at 150 rounds.
Did you remember EOS that was collecting 4 billion USD for the garbage chain? that can only be used by dapps gambling.