Well, COV is just another shitcoin to me and despite that invested some BTC in it I'd rather lose them all insted participating in something, which could be another P&D scheme. I can agree that some developer can make good profit on it, but only if he works, deliver and hold. Nowdays this is nearly impossible and that is why I think that Coven is dead.
EDIT: The "dev" made the stupid mistake to say that he will no longer support COV. This action caused COV to be dumped. I highly doubt that the price will be that low if he didn't said that. In business (if we accept it as business) there are certain things you just can't say to people.