It seems more or less like a popcorn time copy. It uses the node modules peerflix (https://github.com/mafintosh/peerflix), read-torrent (https://github.com/mafintosh/read-torrent) and socket-io (http://socket.io) for example. You can read the source code if you download the mac version and open Contents/Resources/app.nw inside the Isoplex package. But it is a good question why it is not on github.
I would be more suspicious if they didn't use socket.io, its incredibly common and useful. I'm happy to see competition here as this shows that the ideas behind Popcorn Time really stand a chance of growing and improving.