The initiative and the idea is great, but the project ended up dead like most. Hence we are using the same idea but will execute it better. If there was any better way to describe it we would have done it.

Hope this awnsers your question.

According to the Merriam-Webster online dictionary, to "plagiarize" means:
-to steal and pass off (the ideas or words of another) as one's own
-to use (another's production) without crediting the source
-to commit literary theft
-to present as new and original an idea or product derived from an existing source

All of the following are considered plagiarism:
-turning in someone else's work as your own
-copying words or ideas from someone else without giving credit
-failing to put a quotation in quotation marks
-giving incorrect information about the source of a quotation
-changing words but copying the sentence structure of a source without giving credit
-copying so many words or ideas from a source that it makes up the majority of your work, whether you give credit or not (see our section on "fair use" rules)

The initiative and the idea is great, but the project ended up dead like most. Hence we are using the same idea but will execute it better. If there was any better way to describe it we would have done it.

Hope this awnsers your question.

Nice catch! Plagiarism is common among blockchain projects but they should have at least use their own words and not copy word for word. Re-phrase some statements would be nice. Because let's admit it, most of them are just copy of copy of something, and very few start from scratch. Maybe, the team should revise their project description and publish a new one.