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Did OP ask for some investment?
Did op ask for some financial back up?
If none, then we cant really tell that it is really doing some shady stuffs.For sure it is really just pertaining on something on a plan which hadnt been materialized.
Its true that it might not been able to make it happen because it might lack some funding or budget which is usually the case when it comes to this.
Some people are really that excited on announcing a certain project without even having that kind of development.
Dear colleagues, friends on this forum! . This is what comes to my mind, these are the thoughts when I read that someone has a great idea, but does not have the money to implement it. I always remember in general the history of the development of all mankind and how many ideas invented by gifted people were actually implemented in the practice of people, and how many of these ideas were generally rejected even despite the fact that initially they collected a lot, a lot of money for their implementation. And now, I think, for example, in the development of various projects, such as, for example, new technologies in blockchains, the output of really valuable products, in my opinion, does not exceed 1-3% of what is initially funded.
So you can, of course, look for money for a good idea, but the probability of its success in further promotion and use is very small.