the devs were formerly bitcoin developers. they are somehow related to 10minutes

Yep, and being a Bitcoin dev means shit techwise when there are many coins with amazing tech compared to BTC.
From what I saw tech wise this coin belongs somewhere in 2011 and it seems BTC devs stucked somewhere there.
5 min block time without some kind of ZeroTime transaction mechanism is unusefull, awful difficulty retargeting, no GUI wallet, premine + PoW taxation for further developement!?! What development, they came with not even semi finished coin, but it seems that's the trend now.
Yes, they can pump it and it seems everything is planed with that in mind but for anything else I don't see purpose for this coin existance, this is last decade tech.