Just spent half hour reading abou this coin, not looking too positive so far.
So i read this is 100% POS, but where exactly do the original 'stake' coins come from? I read some debate about initial distrivution in this thread, but i'm still not clear on how the original coins are minted?
Is there information page somewhere with explicit details on minting and distribution of the original coinpool?
Am I to presume they where 100% premined/allocated to a single person/group of morally questionable entrepreneurs?
Well it worked out for ripple, i'm supprised we have not seen more variations of that scam appear.
Am i also to presume, jusdging by the choice of java language, and lack of source release, that this group lacks any competent developers?
I expect thet the use of a rapid development language such as java, with it's vast collection of libraries of prewritten code; will indeed allow even woefuly incompetent devs to add new flashy features in short timeframe, which with sufficient spruking will attract a plethora of ignorant unfortunates buying into their scam. I just hope that the great security holes innevitably present in the poorly written (preumably poorly, i'd be delighted if i'm proven wrong,) java client don't cause anyone to loose anything more than thier own foolish 'investment' into a this rubbish.
The team behind it do seem to be very active promoting/spruking this unethical crud, so i'm sorry to say that this coin will probably actualy do well increasing in value even further in the short term, profiting those who time it well. Regardless, I'd not touch this crap myself, for a large number of reasons, too many to bother listing.

Just remember, the most effective scams are the scams where the scammed think they are the ones doing the scamming, too busy focusing on not blowing it themself, to notice any giveaway tells from other party, and too greedy to excercise caution if they do notice something amis .

Well that's just my 'totally an expert after half hour reading, barely related to the subject, opinions of others only slightly more informed than myself', opinion anyway.