No its not. First of all Evan made a series of deceptive and misleading statements that drove outsiders away from mining the launch. In fact a huge portion of the coins were already mined before the time he said he was going to launch it. Insiders -- himself at the very least if not others -- certainly knew better what was going on.

And Xcoin did have a instamine, meaning the coins were mined extremely fast (i.e. many within an hour). Meaning you would have had to have been an insider or extremely lucky to participate. That is not a healthy or above-board way to launch a coin.

Neither of these things happened with Monero (although again, Monero is not relevant to this discussion at all, it is only brought up as defensive deflection and misdirection).