people keep crying scam coin and all this crap but honestly it looks like some of the money is going into the coins development to me. Also the developer posted in the main post that the premined coin was sold. I ask, why would anyone post that they sold their development premine if they wanted to scam everyone and hide it? Exactly. He didn't want to hide it. Therefore I feel like direct scam is unlikely here. At least some of that money is going into development.
time will tell, right now we have somewhat shaken community and work in progress, risk is there for sure
on a lighter note, Litecoin decided against algo switch quoting that no matter what dedicated mining hardware against it will be created, if market demands it, but their price has stagnated, extremelly high difficulty because miners can not stop mining, they will lose it all if the do and now we have LitecoinX I find it somewhat funny
which brings me to a theory that one must innovate or else