The project was launched on the Ethereum network as open source dapps. However, he probably didn't get enough support. Although it serves under the name of ELTCOIN, it is not a coin and only offers token service. I don't know exactly why this is a scam name.
When I entered the website of the project, I came across a simple and understandable design. Each information is briefly explained on the main screen. This is great.
This token is said to be listed on 4 exchanges, the developers say, but it's not true and you can look for proof of it. It is listed on only one exchange. However, despite this, the daily trading volume is very high.
You can see on the website that there are many media accounts of the project. However, there are no innovations and updates in any of them, so there are no new posts. Also, user comments under old posts are generally bad. This situation worries me.
Although the token manages to keep the daily transaction volume high, it can only trade with one currency and I think the fee charged for this transaction is too much.
Finally, I had doubts that the project was abandoned, but new posts in the telegram group show that the project is still standing. For this reason, I do not have a negative opinion about the project, there are many features that need to be updated.