You got it right. This is a project that has so much potential and I'm personally looking forward for its progression in the coming months.
As you may have noticed, the dev team for this coin is very active and they listen intently in their community. That is one of the reasons why we have Digiwage now. The community decided to do a coin swap (from Phils to Digiwage) to counter the unfair reward system of Phils. With all the details being laid out, the dev team carefully moved forward and came with this project. The process of coin swap is going smoothly right now, together with the new POS/MN reward system. Exchange listing is also very near so that everyone can buy this coin and setup their MN right away.