I don't want to harp on this.. it won't do any good anyway.
All i can think here is if there is a large premine ?
It WILL catch up with you and bite you in the ass.
People will forever dredge it up and rail on about it again and again for years to come.

The sensible thing for the guys behind the coin to do would be..
Start working on that "Ledger" ASAP !

And keep it real !
People can tolerate a whole lot of bad if it is delivered honestly.
Vs people scheming to hide things and BS etc.
So..
If the dev took a chunk of the premine and spent it on coke & hookers ?
Admit it !
Come clean and then from that point on be honest.
The worst thing any dev can do in crypto is drag shit on for years playing games lying and making poor excuses for blatant behavior.

That applies obviously to any coin project.
I am not really for or against this coin in question.
Just trying to offer some insight and advice to PREVENT drama.
I am not posting this to START drama..

Good luck guys (which ever side your on in the battle)