it's hard for me to believe that all these people hyping this coin are not being paid to do it. Cryptocurrencies are supposed to be based on trustlessness, and all this blind trust just seems so ironic.

It doesn't even have to do with wether the devs are running a scam or not, it's the fact that people are happily taking their 50/50 chances on this. If you invest on this and win, it means that next time something like this comes up again, you will take your chances again, and you may loose or you may win, again. You might as well just go play martingale on bitcoin roulette.