Hello!
I'm the main developer of DoubleEagle coin.
bathrobehero, we know that some people can rent rigs, but that's why we are giving everyone the chance to get some XDE by helping us with the promotion of the coin. And the first 100 blocks won't have any reward, so the diff will raise a little (this will prevent instamine from people with rigs).
Yeah, I think right now launching a 5 day only POW coin in an algo where asics already exist will give the coin much less odds of success or good value. You want the widest spread of the currency as possible, current asics users will gain too far an advantage over the vast number of miners. You don't want 10 people acquiring 50% of the coin, you want thousands of people getting smaller amounts, this will prevent any dumping and this will definitely give the coin more value.