Nope, that is not correct.

Our plan is to release premined coins through many airdrops and giveaways stages, delayed in the next months and years.

We won't give out 100k coins to let people dump all i the market simultaneously and kill the trades. This would be a suicide for BTCU and BTCU team is fully aware of this.

Premine will be divided in 5 batches and every batch will be distributed via a different method. More infos about the other giveways stages will come when it will the time for.