Not only does their website lack most critical information, a lot of it makes no sense or is just plain wrong.
They say that:
In order to establish a market our network needs a base amount of both miners and work. We will be launching our coin on top of the BOINC network to establish this base. The Alpha will begin this September 2017 and run until our proprietary network gains critical mass.
Critical mass of what? People running BOINC sure as hell are not going to be running a POW set-up alongside this as well, so what is the aim? And then BOINC miners are being cut out down the line? Further, on the topic of Gridcoin they say:
They have done very well as a coin, but they have no paid developers and their code is largely committed by a single actor which has caused slow development.
Which is plain wrong as of right now. We have just passed a system to pay devs, and several programmers make significant commits to github.
This whole thing sounds to me like someone is trying to scam people by using the open source GRC distribution code with the pretense of something more coming from this token down the line. My bet is nothing will ever come of it.
I mean come on, they are having a damn ICO on a Golem/Gridcoin clone!
Claiming to be better, because we are using "The Last Generation of Blockchain Tech" while their site hasn't even implemented SSL/TLS (not even for login) is somehow ironic xD