Good points. And deductions. In the bigger picture though, even if you are right -and you could very well be- it could be beneficial for the project IF )again those pesky big IFs) the developers (I have been informed it's a team of three) really do believe in this project. That would mean they don't want to sell immediately and run away to the next project. They have already something very, very nice HERE. So that big amount of coins, and growing, would theoretically be in the best hands possible for they would use to dedicate themselves entirely or mainly to the coin, while slowly selling what they stake, and work as hard as they can to bring value to the project all along. Again, the conditional being the key thing, all of that could very well be positive... the alternative to that being P&D groups that would inevitably leave the believers with big bags and the project destroyed.
Key point is that IF (again!) we give the dev team the benefit of the doubt, and IF (again!) the project is legitimate, everyone can benefit: These three months will double the amount of coins to anyone staking with something like 25k coins, which is not a lot of money, a couple BTC or so. That's 100% right there with probably another 100% in the next "rich" phase immediately after the 5 coins-block one is surpassed. Still, the whole enchilada remains: Around 10 million max coins ever in circulation. It is a well calculated risk, well worth the potential failure in my opinion.
Now, while the devs do their jobs, hopefully in a hurry -but well, not like the launch-, and get that website on, that whitepaper out and that timeline posted, it is time for the believers and even the traders, to do their part and find answers to the long term questions: What is the real life use cases that can be brought to AXIOM? There are many potentially. I for one have one that could be very nice up my sleeve, I just need a bit more confidence in the dev team -and cannot have it unless they identify themselves to me-, but there are others waiting to happen. If (biggest IF of them all) the community do its part, this could be explosive and bring a lot, A LOT of nice Christmas presents for those believers.
I wouldn't even care if the developers mined and held 99% of the coin, as long as they were honest about it.
may-be you should try to make a coin, make a 99% premine and see what buy volume you will get...

The more I read this thread, the more I think people are just trying to make excuses...
I like what you write: "it could a giant scam, but it still can be huge..."

trying to be critical at first, then the "ho it could be huge"...

So follow my advice: mine that coin if you want, sell that coin if you have some. but
never buy it.
This is clearly a scam... and what could be huge is your loss if you buy into that crap...
Half of the people on that thread are clearly part of it...

...the other half... well don't be in the other half

ps: and anyone who mined it with a gpu, stopped when the block reward became too small... so making it cpu only (again) is just a big distraction...