Your topic title question is different from your topic content question. There are many projects that the transaction fee is far lower than $0.001. I think people can argue that this is almost no fee transactions of the fee is significantly low like this.

I know of Nano (XNO) but hm which I am not interested in. It has no fee.

About the coin you asked on the topic content, I do not know the coin. Altcoins are too many. No one can know them all. It is one of the shit coins. The bear market would be a loss for those people that are holding this cin.