Next time, please gather some information before insulting a project or calling it a scam. This information is available everywhere and easy to find. Also, when you wrote your message, there was no official release yet, but the hashrate had already exceeded 250GH/s.
Mining access was public for everyone, and both the source code and software had been available for months, even during development. Please refer to this message for more details:
"BETA
We actually wanted to wait until the first pruning point and then release, but it doesn’t make sense because miners are constantly in the network. No matter how often we ban them, they keep coming back with a different IP address or VPN, sometimes within seconds. This was already the case from the third day after we uploaded the code to GitHub (so the entire last months). At that point, it was possible to manage the miners because there weren’t many, and we were constantly changing the hash. Now, however, the hash is final, and the miners have extracted the correct miners from the node. To ensure these miners don’t mine alone, we’ve decided to offer everyone the opportunity to mine, but at their own risk, since we don’t know if there will be a technical problem with the pruning point. If it works with the pruning point and the evaluations are fine, we’ll stay on this chain. If not, we’ll reset, fix the problem and try again. Why is this the case? Because we’ve had multiple issues with the first pruning point, where the nodes couldn’t download the blockchain anymore. It worked during the last testnet after the most recent changes. However, we want to be sure before officially releasing.
So, to cut a long story short, there’s no point in simply waiting for the pruning point to come, because miners are always in the network. And then they mine alone, so we’re offering the opportunity for everyone. However, if we have to reset, there can be no complaints about wasting electricity. One solution would be to change the genesis and make the source code private. However, this would lead to legal issues later regarding the classification of securities, so it’s not an option."
You could have found this information on Discord and our website. I hope that in the future, you take a closer look at projects before attempting to discredit them.