In followup on this I do see a listing of funds on the website. It looks like they raised about $100,000; and show this on the website. From tracking block chain transactions this appears reasonable. If you really want to invest in crypto currency you are better off holding your own coins...IMHO.
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So for the record, I may have been wrong here. This one sort of appears to be legit. I have seen this coin trading on an exchange. I highly value being honest and clear. All the circumstantial evidence pointed me away from this coin. I am not suggesting you invest here, but I may have gotten this one wrong. Or they just have not run off (yet). I simple want to acknowledge that as I looked into it there were lots of really bad warning signs, and I did not expect to see the coin traded on an exchange month later, but have seen it since. So this may well be a legitimate coin. You really need to decide for yourself.