please get your facts straight. it has a finite 18 million tokens and it will easily see 2$ token price eventually. it is leveraged on the ethereum blockchain. therefore ethereum is proof of work and soon proof of stake that is what the developers were referring.
my theory is simple: the developers whoever they are wanted it to look broken. when compared to bitcoin it now has way more decentralization than bitcoin has ever had. so if you are looking for a fair token project to invest in in my opinion iETH is your token.
You probably invested in ICO tokens. when iETH was available and distributed from day one. why would the developers give it away if it was a scam. your logic does not make any sense.
current fair value on the token is at least 1$. no dilution compared to ethereum which produces 30,000 eth per day. iETH is going to a dollar and you will wish you bought 2k$ worth at todays bottom price.
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