Lol They just confirmed they are gonna do Pure PoS instead of hybrid.
Their total PoW supply was supposed to be 22000*100= 22mil
but when the source code got released, the chain is already over 22000 blocks.
Considering there are 7mil coins on the chain, the dev probably premined another 2mil as they didnt release the code until PoW is over..
I guess they are just a bunch of liars.
Pure PoS is not bad for a coin, but why can't you just say it at the beginning
22'000 X 100 = 2'200'000
So they didn't exactly lie but they did mine 100% of the pow coins themselves.
Now we know the devs own 2.2 million coins and a lot of capital is planning on flowing in due to the FOMO, plus the lending platform props up the price.