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Magrail, is it a scam?

No.1847979 View ViewReplyOriginalReport
It's supposed to be a passive maglev built on existing track while keeping it compatible with conventional trains
https://www.nevomo.tech/en/nevomo-ready-start-testing-magrail-technology-test-track-nowa-sarzyna-poland/
The company also believes in hyperloop and are getting EU research funds if that means anything