Hater's gonna hate a rival coin just show's how childish they are tho when they spread FUD
Son, I'm into coins since 2011 when BTC traded at 2,40 bucks and I have taken my share.
I'm not planning investing into any coin which gives me 'bum' ROI.
A "founder", a "dev" and an "external consultant" have absorbed 80 BTC == 64000,- USD.
Was the performance of these folks adequate for that salary?
I don't care how much they make, as long that money isn't coming from my wallet.
From experience I have seen these folks of such kind being fast in making money
but even faster in squandering their booty.
Now 2,000,000 UTC are waiting to be resold.
You don't have to be a genius envisaging future price action.
So noobs and newbies mining this coin will have an interesting learning experience to do.
I've also been buying BTC since 2011 - and things have changed radically since then. There was no competition, there was no general knowledge of crypto-currencies and they certainly had no (or very litte) value. Today there is a plethora of coins, intense competition and the knowledge that they can be very valuable. There are people invested in coin A that look at coin B with contempt and/or jealousy and people angry they didn't get in "early" enough or make enough money who would like to damage a new coin. With the dangers involved in establishing a new coin, I think hiring a team of people knowledgable in SEO and marketing and such is a good idea. How much are coders going to know about these areas? So I am not upset that an initial investment was needed to get the coin goin. If it doesn't work, at least they tried - and thats the risk we take (I'm an origing stakeholder). But I think this coin probably will do well. (my definition of well is $0.30 to $0.50 per coin).