Its kinda up to the Dev to how they want to set it. Its out of Demo maybe thats why its 1.0. future updates may be 1.001, 1.1 1.012 who knows, its up to the Dev. But I can Understand your Comment some dev use 1.0 for a finished. maybe Dev can do 0.1.0.
"Some" devs don't use 1.0 for a finished. That is the standard. Some don't understand the standard. This project should more likely be a 0.1 or 0.1.x.
It is, however, possible to assign a different standard in which a version can be date or build based (or based on a hash, like Github). Few devs here use one of those.
For Python software, the PEP 440 standard is usually applied.
For other software, like Unity projects, it is custom to use
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- most development tools do have fields to assign a version, and some adjust the version themselves.