I don't necessarily have full faith in the concepts present. But the coin has been out for a week. I'm really sorry that you didn't make a million dollars on a coin launch but that doesn't make the coin instant shit. Investing in anything is far from a get rich quick scheme... But I will say that there are a lot of Bernie Madoffs in the crypto community you just have to be weary. Mining a coin is no skin off my back if it doesn't work out that's why I don't personally invest in "IPO's" because you should not have a public offering for something that is not proven yet. Hence why most stock IPOs are after a company proves its product is viable, what is typically labeled as an IPO in this community is actually an intial investment in a concept and "company" idea. The waters get muddied a lot because none of these coins are built with corporate structure in mind so having investors is technically illegal, but as long as the coins have no structure it will remain a grey area and continue.