is this coin mineable? how?

Yes with Algo Timetravel10.

generatetoaddress 10000 youraddress 100000000

I take it your address is your Bitcoin address?

BTX address i presume

Guess it doesn't matter wallet won't sync

Its still only a testwallet! We are testing it!
congratz to be directly from the beginning in our testperiod!

Greetz
Steve