It’s not a scam; at least it is a cleaver one, if it is. It’s a stack bug and stack size bug.
The coin is more or less dead since the problem is still not fixed. Just an hour ago of this writing, 2, 4 million coins POS was received by a wallet.

Its right there in the chain for all to see what happened - and btw it’s not 2 million coins, its 79 million coins in the last 10 days, introduced into to system. You now have 80 million coins (mined+POS) in wallets – on a 50 million supply cap. Now there is a red flag for you, if I ever saw one.

All those that started early, within days of the launch of the coin, hit the 30 days stack about 10 days ago. The system stated to spit out millions of coins to those wallets as POS. Now the first 20-30 million coins went unnoticed, maybe they were received by “dead” wallets. Users that mined 1-2 coins (not sure if they even had any) at the beginning and then forgot all about the coin, or did not monitor the project. However about 7 days ago someone that did monitor his wallet received a couple of million in POS. He or she did what most would do, started to dump it a nice price. And the funny thing about stacking is that the more you have the more you get. With only a few wallets with more than 30 days on its back, POS was pumped out in ridicules amounts to the same wallets several times. The rich got richer, literally.

I imagine this new wallet has some filter that prevent you from receiving those buggy POS and ridicules amount that they are, because the chain still pump them out. If you stay on the old wallet I imagine you can still receive the buggy POS. The chain is the same. I see no other reason for a new wallet.

The POS bug, both size and when it is paid out, could probably be fixed, - and let it be clear, this is not fixed and continues as we speak, however the 80 million coins are here to stay. It is a futile endeavor to mine this coin now, when every now and then a couple of million POS is produced to some lucky chap.

Hi just joined

Swap does not sound too great in my ears.

Looking at the chain, apparently what happened is that about 10 days ago, a huge influx of coins appeared in the chain, and I mean huge, millions. Apparently some of the first few receivers did not noticed for days, but somebody, 4-5 days ago did, and flooded the marked, by selling off. Not unlike what I would have done, if I suddenly found 5 million DMB in my wallet.

Now if a swap is meant to cut down the coin supply, like say a swap 1/10, it’s not going to change anything. It’s still going to be a few that has 90% of all the coins, and can flood the marked whenever they want to.

When something like this happens, it’s the land of opportunity.
So I bought a bunch of coins. Maybe they are worth nothing shortly, maybe they are not. All depends of what the dev will do. However if the coin influx does not stop, and I mean right now, this coin is dead for sure.
Look in your wallet maybe you are the lucky owner of a million DMB