Why is it trading so low?
People are scared, the Dev hasn't produced any code as of yet, it creates fear, so people sell.
Personally I think the Dev is legit, he's delivered everything that he said he would, no IPO, no premine, the code has been checked by several people. Just need to wait for the next update so people will be 100% certain that this is not a scam, then watch the price rise.
The smartest people are putting buy orders for 800 Satoshi right now.
I hope people realise that if zerocash can be implemented this coin will do well.
Anyway, thanks for all the FUD and the stupidly cheap coins.