An amount (0.5% of total coins) has been created by us to act as the basis for this service. A small amount of these coins may be used for giveaways and bounties, as the community sees fit.
What do you mean by this? So you will already have 1.25m coins from the getgo to provide this 'service'?
I don't mine a pre-mine if they use it to develop the coins. Also nobody should do this for free so some douch bag with plenty of hashing power can get rich off of the developers hard work.