Wots wid this site..??they r claiming of paying you Rs.500 on signing up wid their website…signup is free.. 
Now how much truth does it hold??
Check this link…
“You may request payment after you have earned a minimum of Rs.2000/- (Inclusive of your Signup Bonus. Please check question 1 and 2 in this category for further details.”
Therez the catch dude.
Ask the rotten apple about this. for i remember he had sent my name alongwith his to this site long time ago. one of his so called “grand plans” for the site. i dunno much about this co. or its functions but i remember i had redrafted / edited his letter to them. Radon may remember this…
haha 
let the guru speak
SCAM
Well i dont really think its a scam..its just one of those numerous dumb M2M network marketing ventures…
Well… most of these sites/organisations run for some time and then shutdown. Either due to bankruptcy (legal) or scams (illegal)