I am not doing the sums, however, the coin count goes up via staking at 30%. It is not a PoW. At 100,000 blocks, the figure given by welshy, the premine percentage sounds about correct.

If he is giving much of the sum away, he cannot even stake so much.

Honesty, the majority of non-developers have no clue at the cost of introducing an altcoin. Pay his hosting, pay his pool fee, give hime the 0.05 or whatever for buying the coin. Give him what he would have paid at coinmaret.io, will probably pay yobit, and any other exchange.

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Some confusion. Coinmaker used a Bullshitcoin as an example. That is not this coin.

Give him a chance, or don't mine it. but bring evidence to the table before making accusations. Bitcointak altcoin section is full of scammers, but it is equally full of people that go around and make spurious accusations with seemingly no comeback. They cause as much damage as the their evidence is often thin and personalized, dripping with confirmation bias.