Its worth noting here that a lot of this is on the to-do list. I mean the 10% treasury system broke 6 months ago with a "small bug" (according to someone in slack) and it still not fixed. Zerocoin protocol is "to do" not implemented.
Now i'm not saying I dont like the idea of the coin, but I hope the dev's have the skill and endurance to do what they say they are going to do with it.
PIVX looks like one of the better designed coins on paper and I was hoping to jump in on it when it was just under 5c.
However, being a developer for more than 15 years, my instincts drove me to learn a little more about the core team writing the software. GitHub produces a nice activity chart for a developer and their contributions. Apart from the few commits on GitHub over the past 6 months, there's not much activity under these devs.
The devs also don't use their real identities unlike what I've observed in other core teams. This is perfectly understandable if they had day jobs and contribution here could be seen as a conflict of interest. But it does validate the point that perhaps there aren't any full-time devs working on this project (broken treasury?), nor is it possible to ascertain their skills and their ability to deliver what's on paper.
I've been trying to get a closer a look at the developers workflow, their kanban board, to get an understanding of how well they're organized and coordinate their work, what they're working on right now, what's done and in testing, the QA process, etc. For a community that claims to be the most open and transparent, this information is locked away. I tried pinging various folks in the team over the past 3 days and have had no luck. Some team members responded saying they aren't sure how and where the core devs are organizing their work. I've seen a number of software projects fail or end up riddle with bugs and poor quality because of the skills of the people working on them. I'm not saying this is the case here yet, but it's becoming a concern. I wish they were a little more transparent on their actual blockchain developers.
So yeah, at a market-cap of $30M this looks way overpriced. They seem to very well organized with their marketing and community building though.