newbie posting just to put your nick out there for advertisement with no idea about the topic is what it looks like to me.
Poor way to advertise your own site.
Just because it's old doesn't mean that there was no instamine. Something like 80% of the total coin supply was emitted in the first three months when it was a generic scrypt clone called dogecoindark (I believe competing with another clone also called dogecoindark). Look at the difficulty of the first 10k blocks, there was no one mining - that's basically the definition of an instamine. Not so blatant as xcoin/darkcoin/dash, but probably more effective in the end.
That's true.
They also claim that the current team have bought their coins in the market.
That also may be true. So, someone did the instamine, then sold them the results.
Is very hard to know the full story behind the project, especially if you not followed closely and is already running two or three years.
I stopped to follow Verge about 6 months ago when the crash on the crypto market was in full swing. I have to admit that now is hard to grasp what happened in the last 6 months. There is no source to gain such a information easily.
Would be great to build such a tool for each cryptocurrency or token, where you will be able to find all the detailed information, announcements, updates and many more. With dates and full descriptions of what exactly happened. I think people will easily pay a lot $ for such a service.