oh wow, i had no idea it was premined. that's certainly a scar on its reputation if true. its no different from cloudcoin then.
cloud coin was premined 0.1% redcoin was premined 0.001%
or in perspective it would be equal to a 100million premine on redcoin, so looks quite different to me.
Cloudcoin is as scamcoin. I'm not sure why many more alts are getting added, it's hurting the prices of other alts.