This is what you call a ninja launch.  There's no "premine", but the developers managed to get it launched and point 80 GH/S at it to mine 2300 blocks.

A friend of mine who operates pools set up the wallet, compiled it, and built a pool for it and the chain kept rejecting blocks.  There's something up with the code. 



We have to wait until the developer finishes their ninja launch / code issue premine and releases good code until we get our turn... so there is a premine.