I think it's not about how new or old is the projects domain but it's about their credibility. We need to check if the people behind it are real people and then we can proceed about the idea of their project...
And how can you find out when the team wants to remain anonymous? I did not find the team on their official website, which also does not inspire confidence in this project. Actually, most similar projects hide their team, as if they are preparing in advance to turn the project into a scam.