how can you prove you come from MIT? 
I also have nothing to do with this coin and am just an interested observer, but I believe they are in fact from MIT as they wouldn't be able to get a .mit.edu domain otherwise. If you run a WHOIS on their site it lists MIT as the registrar.
Cause its a subdomain of MIT. Its either they are real students or they bought some MIT students email addy. I honestly believe its a scam ran by some indian guy. Dig harder there are a lot of footprints left from mainsites whois.