Network is secured by Proof-of-Stake but repartition of coins by Proof-of-Work!
That's a new paradigm in the altcoin/crypto universe.
So the PoW is just for coin distribution?
Yes.
Kinda useless then. The flaw of PoW (and PoS for that matter) is the flaw of capitalism: loads of money makes more money. But it has one unique quality: securing a decentralized blockchain.
This leaves the good part out and you're only left with a competitive game, in which the small fries can only squirm.
Can someone counter this argument? I don't see a need for artificial coin distribution, but maybe there is.