But there is no team. Just some guy who's copy&pasting code from other github repositories and who's hoping that it will somehow compile. And of course there's a lot of "re-designing" aka changing css styles in the QT wallet to make it look like there's progress.
check out their website (
https://vergecurrency.com/#contributors) or github , they do have a team.
Note that this is an open source project without any premine just like BTC .