Now.... my question to the community since I'm new... How does a scam like this benefit the people running it? Create a fake altcoin, issue thousands (their free giveaway), and then hope the limited exchanges give it a pump for them to sell? This really brings into question the validation process for their "partner" exchanges.
they have premined 2 000 000 coins .
Let's say it's 500$ for a coin, so the day the trade opens they will be holding
assets worth 1 000 000 000$. out of thin air. you can only imagine what happens when this load hits the exchanges.
It's only your assumption, we wrote what are these coins for.