EAC is undervalued, and it's not "just another coin". The Dev's are actually quite active and the 2% instamine has been put to decent use on bounties, advertising, development (including mobile apps), and will be used for fees and registration for a USD to EAC exchange. If you don't like it then don't buy any. But if you're curious then research it a bit further. EAC is a LONG TERM project so don't expect to see miracles every week. So far the wallet has been downloaded in excess of 37k times in less than a month - this coin is still an infant. This coin has potential for use in retail and real-world applications because of its fast transaction times. Don't cry when it adjusts to a more realistic value.
Users on the #earthcoin IRC
http://imgur.com/pVrNsg6