You made that assumption purely reading the announcement? It's easy to judge by the cover only, but it's only us that know how much work went into this project. We respect everyone's opinion, but we disagree!
Because this shitcoin does not bring any benefit, except for mining at the start and selling at the highest price. I don't judge. As a miner, this is beneficial for me, but no more.
Sure, the developer fund address is public, keep an eye on it. It would not budge for quite some time. The only thing that may happen is big miners dumping at the second we hit the exchange. There is already one address that has significant balance.