What is this project? Is it a new ETH fork?
What kind of crap is this? Under these conditions, mine your coins yourself.
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Important Note: Peer connections at downloaded core wallet are currently disabled, which means sending/ receiving, trading buying/selling, swapping etc. and using of coins is disabled. To enable peer connectivity and use those mined coins, you must do task of inviting 5 friends at below Pancono’s Airdrop Telegram bot. Once your inviting task is completed, core wallet will become eligible for full peer connections and will automatically connect to the mainnet blockchain during launch. After the connection is live, you will be able to send/ receive and use your mined coins with full wallet functionality."
https://github.com/ChaserOd/PanconoTestnet/releases/tag/v1.0.0-testnet/Pancono decentralized network

Download the wallet and check it. The mining section lets users start mining Pancono coins.
You will notice that peer connections are currently disabled. To activate them, you must invite five friends through the Pancono Telegram bot. Once you complete the required invitations in time, your wallet becomes eligible for automatic peer connection in the future.
When peer connections gets activate, your wallet will automatically link to the mainnet blockchain, allowing you to send, receive, and fully use your mined Pancono coins through wallet.
This is how setting is done and if you think it a crap then its not for you.