I just want to know if this will all take place days, weeks, or months from now. Should I keep mining if the giveaway is just a random reward on whether you receive coins or not?
The timeline is explicitly stated in their post from today.
So the timeline will be:
0HR: Notice of new coin
72HR: Verification period begins
144HR: Verification Period Ends
- HR: Coin released
Actually, it's not explicit. They gave no indication how long it will be until 0 hour, which is essentially what Juicemixer is asking.