-cut-
In short: that's a scam.
I've never been into altcoins, since I started my journey into cryptocurrency, it has always been bitcoin for me. Reading OP's hype of altcoins, was gradually getting my attention, because I like the way he was explaining the altcoin market current updates. Suddenly I scrolled down to your comments and now you have deflated my interest in considering giving a short at altcoins again.
Guess I'm back to where I was , focusing only on bitcoin, with it's considerable risks, compared to how I hear altcoins, can just disappear and die, in the shortest time. Eventually I'll start my journey in altcoins, but it'll be a top altcoin, not any new hyped projects in the market.
From my findings I know that altcoins can be profitable in a short time, like bitcoin trading, only that it's like gambling, where there's chances of losing your investment too. Difference is that altcoins can disappear but bitcoin doesn't.
You can't judge all altcoins because of one misleading shilling post. There are decent altcoins out there, and then there these kind of scams, they are not comparable.
And there are always going to be lying involved when people are trying to sell their visions or bags they are holding.
And yes, most altcoins are going nowhere or even solve anything, but that doesn't mean they are all scams even if 99% of them are purely made for eventual rug pulling reasons.