P.s: ANY comments on this ? [lol] :
the target block generation time is 30secs instead of 120 !! 
The actual specs of this coin are quite different from what is in the OP. Yes there is a 30s block time, but with a reward halving every 16666 blocks it's going to be pretty darn hard to mine fairly soon even with a 4x faster generation rate. It also means there will be a lot more total blocks (or a lot less total coins, depending on which one is wrong)
Will block time be corrected to 120s?
If not I have no intention of keeping any of those coins and will dump all I own before sunday.