There is a scam accusation against this project. They have plagiarized large portions of their white paper, which means it is likely to be a scam project. It is recommended that everyone stay away from this.
LMAO
What about many coins that are launched every day ?
Have a look at FT1, now thats a clear scam and no warning banner.
Copying words for words, or copying ideas from crypto-based whitepaper? Well, I assume it depends on the creators of the whitepaper, (if they want their ideas to be copied or not). Besides, crypto communities are expected to share/borrow ideas.
So, it's better to see what others can do with your work when they copy and modify it. And it's not moral or ethical to prevent others who want to copy from you what you copied from others in real decentralized crypto communities.
It's clearly wrong to copy a whitepaper word for word. Probably better to read a crypto-project whitepaper, and create an original concept (with reasonable modifications), whether it's a bit similar in tech or not.