You'll need to take a look further up the thread or the "white paper".

In addition to proof of work and mining fee, the coinbase gives dividend payments to large holders and donations to charity. Check out the OP.

The dev group is certainly also still alive.

There is currently more action in the Telegram group.

There is no qt client or similar if that is what you are asking. For now you just use your ETH wallet for storing EQUAL token.

Every time you send EQUAL a small quantity is burned. EQUAL has a burn fee of 1% of your total transfer amount, with a max burn fee of 250 EQL.

The burn works in following way:
You have to have more tokens than you want to send. Example: If you want to send 100 EQUAL tokens you have to have 101 of them. 1 will be burned. If you want to send 30.000 EQUAL tokens you have to have 30.250 tokens and maximum burn fee will be applied effectively burning 250 tokens.

The idea behind burn process is that it will raise the value of tokens over time thus awarding hodlers.

Whatever you want. I have just let it stay on my wallet with other shit tokens. You can try to dump it to somebody on etherdelta but it isn't very nice thing to do and will probably not give you more than few cents.