This was the best disguised pre-mine I've ever seen.
Instead of just saying "fuck you, we're taking X blocks", they instead made it impossible for pools to actually be setup and didn't share stratum source code and didn't let anyone except other "devs" that they were "working with" get setup beforehand.
So what happened is that their friends, who already had it working were able to mine it immediately and the rest of us got fucked. They knew it would happen - this is a whole new algorithm and people have to set it up. They knew there'd be a learning curve, but by not allowing anyone to see it beforehand, they purposely fucked over anyone who wasn't involved in the first place.
For example, I heard, and I don't know this first hand so take that into account, that the guy who wrote Cudaminer personally mined 500 blocks. Makes sense, since he's got his CPU mining shit down right? Well that's ONE SIXTH of the current total coin supply.
So congratulations, all these coins you're mining, and there's a dude who's ALREADY a millionaire because he has so many.
I had such high hopes for this coin, and its proved itself to just be another shitcoin with a shitty launch and misleading devs.