common cryptonote coins all have 15%-20% premine for bounties and maintenance.
it is not embarrassing for the dev team to announce the 5% premine.
keep in mind that this coin has bounties and reimbursement deducted from premine.
I was reacting to lack of informations from dev team, not suggesting that premine is necessarily bad. And i mentioned that reimbursment, exchanges and potential bounties need to be accounted for (BTW actual premine is ~5.43%, so its pretty close to 5% after reimbursment).
There is
no info at all about premine in initial post - they just removed original "no premine" sentence without writing anything about premine, seems little slimy.