This whole situation sounds like the whole BTC block size change war going on.
Who will accept it, who won't, it is being forced upon us but we all decide which way to go, this is exactly the same situation but you have a Belligerent Fool
of a so called Developer pumping out shitcoins to make money and then once everyone has sold into his support walls (just like 10K) he then announces a creation of a "Totally new coin" and a coin swap.
Take a moment and think who owns the majority of those coins before the swap
That's right iGotSpots more like iGotShit Coins.
The below image shows what you basically do when iGotSpots releases another coin.