Apparently it's "the world's first Proof of Consensus cryptocurrency with riskless pre-sale".
Not sure if I should say this in case it diverts productivity away from BitShares, but there are "two $750 bounties (paid out in Bitcoin) as prizes in a design contest to choose the Credits logo".
White Paper? Developers? You posted this here why?
I posted this just for information. I don't know a lot about this project, but it seems to stand out somewhat. People here may be curious about "Proof of Consensus", or may simply want to stay informed about competitors. Different consensus mechanisms could have points of interest.
I doubt they will be a serious competitor, but I think knowledge is useful.
Bitcointalk announcement is here: https://bitcointalk.org/index.php?topic=614917.0
I'm not too familiar with netiquette actually, so if you think it'd be better for this topic to not be here I'm happy for it to be removed.
edit: Should I delete it?