Exactly, why join a project that is new and won't succeed against the other established MN? This should give the Project owner more incentive to explain false positives and actively communicate why this is premined or what that premine is used for. Wish you all best of luck with it though..
I get it. But in this instance you are incorrect. SEND is a new coin that was manually swapped from the old PIEX coin. The premine is for the purposes of the swapping. Have a look for yourself. I have supported the team for quite awhile now and have been impressed with the way they work. Many other coins could learn something about how to grow a community.
The team is very active on Discord and the community is large.
They are just not super active on bitcointalk and a lot of the community doesn't have full member or above status . . so what? On the contrary, I would suggest to read the old ANN's, or better yet, join the Discord ang hang out there for a few mins to gauge the feel of the community.
This is not a brand new coin that was premined for the devs to dump. I know, it happens and people are quick to assume that there are scams out there . . but they don't even read the Announcement. It clearly states:
*First 1000 Blocks PoW. From 1001 blocks onward PoS only.
**28 Million SEND coins Premined to Swap over prior PIE Block Chain and Pre-sale to collect funds for exchange.
Why join a project this new? Well, it has an established and very active and friendly community. One of the developers is almost always on the Discord. They are transparent. They help people who need it. They swapped hundreds and hundreds of users manually, and sent the old PIEX coins to a burn address. The roadmap looks good. And this coin isn't going to disappear or scam you like many of the recent MN coins that offer 5,000% ROI.
SEND has a good future and I've been around crypto for a while. Teams and communities like this are very rare in lower marketcap coins,