The team have specified that they intend to develop Phore and Graphene as separate projects, and have a lot in store for Phore, and "Dump" would be a great time to buy as much as you can (I know I will be)
It surprises me everytime I hear blind negativity, the info is readily available, it shows most of the community is just hunting a quick buck. Very few care about the underlying technologies.
Mike T. did an AMA last year and one again recently, the link is in this thread and pinned on the discord channel it has all the information needed as to how Phore is going to continue development.