This is all irrelevant. It's another recursive, permissioned ledger like every other IPO with Russian affiliation. You need a Nash equilibrium for security aspects, but you also need one for adoption. If someone premines the entire coin and has the market cornered by design on day one, there's zero incentive for anyone to adopt it when the issuer and his cronies have such advantage over everyone else. You're just replicating central banking except the value of central banking units is derived through coercion, and without it, it would have no value.
You can't remove mining without turning cryptocurrency into a permissioned ledger either:
The purpose of mining (in bitcoin) is to create a permanent two way peg, decentralized exchange, which thus results in a permissionless system.
From the thread:
IOTA - Permissioned ledger Russian extortion schemehttps://bitcointalk.org/index.php?topic=1414866.0Bad Russians, lol.