AFAICT, it's at least partly timestamping (you can get OpenTimestamps proofs from Woleet). Re: that, I'd suggest reading my OTS announcement blog post which starts by covering what timestamps can and can't prove: https://petertodd.org/2016/opentimestamps-announcement
tl;dr: timestamping is much more limited than people often think, because you can timestamp contradictory things.