Straight up, how am I supposed to invest in this when you are pre-mining to "donate to charity". It makes no sense. In your mind it is probably attractive to people and they will think that you are a good guy for wanting to help others. That is fine and being charitable is a good thing but this is such an inefficient way to be charitable it comes off as a ploy rather than an actual initiative.
Drop the premine and I will consider participating.
Good luck with your project.
We understand your position. While I know that it may be hard to get involved and I understand that, our position comes from the fundamental ecomonic theory of income distribution.
Having a large amount of allocated funds that aren't going to our pocket books allows all of the users who do not mine the currency to buy into it and be able to use the innovative Proof of Stake algorithm as of day one. The timing on the introduction percentage and beginning distribution curve will work much like a difficulty rate loosely based on how many wallets will come online based on our projections.
Distributing a large amount of funds via giveaways and charity IPO will give us a sound launch in terms to regulation. We side step securities trading if we distribute currency at little or no profit or retainment.
Premines are crucial to a developing currency. We aim to gain trust to make users feel comforatble that this is not legitimate.
Also it helps the world through Charity. Which is always a goal here.
If you don't agree we are sorry but we feel that this is the best way to launch and give oppoortunity to those who don't have the knowledge or hardware to mine in the initial phases.
Thanks!