Like usual when you look into the specifics you find it's premine, vesting rates, etc., basically all this garbage.
The gimmick is that the currency and product are separate but they are treated together so you juxtapose a presumed faith/micro chance of success in the product onto the currency which is completely untested.
Like usual when you look into the specifics you find it's premine
Just because something is premined doesn't make it garbage. Basically any stock that goes public is "premined". Someone created something and has a vested share in it, doesn't make much sense to just give it away.