ok i feel a little better about this now after finding this quote from foldingcoin on btctalk forums:
Edit:adding link to post; https://bitcointalk.org/index.php?topic=682862.0
"FoldingCoin Newbie *
Activity: 8 Posts: 8
View Profile Email Personal Message (Offline) Trust: 0: -0 / +0(0) Ignore
Re: FoldingCoin - New coin that helps science and medicine July 21, 2014, 04:46:42 PM
Reply with quote #13 We now have 3 developers and we are making great strides in this first month. Adam from LTB just got me introduced to a great distribution system of theirs and it works perfectly. how we will distribute is we add all the credits up that week from the whole team and whatever percentage you have, times that by 3.5 million and thats how many coins you will receive. I just got the most updated Excel Spreadsheet and we will be posting it online soon. I am currently going through and making sure that everyone has received the right amount of tokens each week thus far.
Since the various sites that track Folding are not always up to date and it seems like the numbers can change, what we will start doing is taking the difference (of your total credits) from the previous payout to the current overall credits you have. This ensures that no credits will be lost due to websites lagging on updating information. Because even if some of your credits are not registered by the time we do payouts, then you will simply get them on the next payout. Now that we are in the top 2000 (655) we have access to a great quick stats page only offered to the top 2000 teams. This will make everything go much smoother in the future.
More will come throughout this week and it has been great gaining 2 more developers as i still have a fulltime job. We are trying to implement this as the currency of Meetup.com groups and i will be speaking at my meetup this upcoming weekend and supplying our organizer with 50k FLDC. We are all working on this project with all our free time and would love as much additional input/development skills on this project. Please keep all the feedback coming (negative or positive)"
so we didnt get blind spam as i first thought may have happened and at least Adam is aware of this coin.Now to figure out their distribution system.
