New privacy project that doesn't use a token

Not sure if I understand this project, but I believe it creates a unique smart contract for every user, who then pays into an escrow. That escrow is settled by the network node operators for a fee, who pay the recipient. The node operators could know who either the sender or recipient is, but not both. But they mention a "compliance check" which could defeat the entire purpose of the project. The good news is they're not pumping a shitcoin or token. They're using native smart contract networks like ETH and SOL.