1. "Free" is fake. As most of coins will be distributed to the "IPO stakeholders", who are mostly from the dev teams.
2. Free giveaway to students,teachers only IN CHINA AND USA!!!!! So Chinese dev, you will learn that most of EU Universities won't have .edu or .edu.country as part of their email, e.g. U Cambridge:
CRSid@cam.ac.uk. My University email also doesn't contain .edu.
3. I guess the dev (teams) are some Chinese IT students, who want to make some money with their part time. Not too bad.
4. All in all, I won't classify this as scamcoin, but just keep watching how far the dev will go.