nothing confirmed by dev, might be mineable might be PoS only.
Fairly certain it uses Scrypt Algo

It appears to be getting mined, current hashrate is: ~31 M/Hash
I dont have a scrypt ASIC miner to confirm.
Old Coin was definitely Qubit Algo
{
"blocks" : 74378,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 0.25316969,
"proof-of-stake" : 0.00896353,
"search-interval" : 1
},
"blockvalue" : 1000000000,
"netmhashps" : 31.06730129,
"netstakeweight" : 475845.13650770,
"errors" : "",
"pooledtx" : 0,
"stakeweight" : {
"minimum" : 67793,
"maximum" : 0,
"combined" : 67793
},
"stakeinterest" : 12000000,
"testnet" : false
}