They gave a talk about the project in the meetup. I found the project worth. I did not find anything fishy.
I'm asking due to looking for some other thoughts about this project because for me, I'm not really looking to have this coin but if ever that I've found interesting words and applications that they've ever said to you, I might re-analyze and re-assess my decision.
This was the meetup organised by ETHIndia https://ethindia.co/. This event was in Aug initial week at Bangalore, India, were the co-founders of matic network and other few employees had attended.
You can check for the speakers list and even for more insights check the event list that was planned on the meetup days.