This is just a scam.
If the dev was serious he would have made the effort to reassure the community.
A pretty new site to pull in buyers. Nothing else.
This is just not right, I think you might be right in this case.
The case with shit coins :
Once their on bittrex they seem stable and gain value, as soon as mintpal listing is a fact dump starts and people lose a lot money.
And other thing, if the coin could really achieve something large traders would have bought in and made the coin go atleast over 0.001 as it only have 3.8M coins.
The large traders passed on this coin, and now we see why.