Razormind Crowdsale started - an Ethereum Rival or scam?

Hello,

probably no one of you saw this logo before - or did you?

I just heard of this company yesterday. According to Cointelegraph they are starting a Blockchain that shall act as a rival to Ethereum, allowing smart contracts without the need of a gas limit.

Unfortunately I couldn't find a valid whitepaper yet that explains how they might achieve such a task.

Today they started a Crowdsale for which one needs to register by sendind an e-mail to [email protected]
One thing to say to that:

But to their defense I got a very nice e-mail in which they stated a few things (I'm just giving you the summary here:

1. In total there will be 11 Million DEOs (their cryptocurrency) available. 1 Million will go to an organization called DEOs Foundation and 10 Million to the people who participated in the crowdsale
2. The blockchain code is not yet publicly available. Yet the DEOs fundation is supposed to open-source it.
3. A whitepaper stating technical details should be released by the end of the day.

Most of their social media links bring me to the profile of Jawad Yaqub who apparently is the Enterprise Architect at Razormind.

I don't really know what to think of this - so I would highly appreciate your opinions and ideas. Is this something that should be watched?