Only thing is, they are using a dumbed down version

I'd say it's more of an over complicated version made to look smart. I'd rather invest in Komodo which has Decentralized ICOs, DEX, Atomic swaps and they also recycle BTC mining power making everything built on top of it more secure than BTC.

ADA does have good stuff in it. But it's just a lesser EOS that is also a mess. When EOS finally get released people will start to understand. Until that it's just Emperor's New Clothes.