This disinformation about the alleged pre-mine has been posted around here so many times its becoming tiresome to respond to.
If anyone would like to see once and for all how false this idea is please see the official rebuke listed here: https://www.docdroid.net/rEKgQUR/bytecoin-rebuttle.pdf
https://bitcointalk.org/index.php?topic=740112.msg26169910#msg26169910Dear Squbit,
It was so boring here without you. For someone who dislikes Bytecoin so much it seems strange that you feel the need to post here so often.
BCN_official, Can you please respond to the allegations that BCN was not created in a honest and transparent way like other CyptoNote coin such as XMR and KRB? And that a vast majority of all the BCN are controlled by a small number of people?
You may google "bytecoin premine" and find how 80% of Bytecoins was mined secretly by developers themselves.
This fact alone give bytecoin a big red "scam" label by majority of crypto community. And nobody want to have a deal with it.
Sure, it pumps sometimes and have a big marketcap, but that's because majority of coins concentrated in few hands.
Recently Bytecoin has another nail in the coffin when it did not fix vulnerability in cryptonote coins and about 700 mln of bytecoins were created by hackers (or possibly insiders) out of thins air and solded on exchanges.