I'm sorry that my photoshopped opinion from a year ago didn't meet your high standards, and still doesn't a year later. Perhaps I'm not cut out to be a deluded bagholder, so sad.
And yes, ION is a transfercoin clone and is 100% premined. Do you have any proof to the contrary?
The whitepaper you linked to confirms the 100% premine. Github confirms transfercoin fork:
https://github.com/ionomy/ionThere is/has been lots of dev going on since the fork, hell we fixed some major issues with transfer coin that they adapted. You state that its a 100% pre-mined, wouldnt that mean there are no more coins to be staked?
There was a chunk that were pre-mined for development and bounty's, but was a small amount compared to the total coin count.So 5,900,0000 of the initial coin supply of 10,900,000 is small? Now add in the ION they have been staking with these coins. Since April 10th
just one of their addresses has been averaging 4,743 IONs per day. I don't understand why anyone would even think about buying IONs when so many are created out of thin air.