Is Regalcoin trying to imitate bitconnect?

Just saw a lot of people talking about regalcoin on youtube and that it is taking a similar path like bitconnect. There is lending, trading and exchange facilities of regalcoin. It has a whitepaper. It also limits the number of coins one can purcahse and daily availability. I signed up too but not invested. It is alaways good to be safe when investing.

I am not urging anyone to invest though.