Premine 55% of all coin supply wtf? Just look at block 1 in explorer.
Users will need to earn Kreds on several sites (over many years), some our businesses, and then acquiring more utility with other websites. We have to supply the coins for these sites and that is from block 1. All of this will be explained as soon as our team is confident of the network and the proper services are up and ready.
Dev, you can explain why so much premine?
This premine will be used as another way to distribute coins to end users. Not all of the people are tech savvy, so for whose who don't know how or don't want to mine/run MN , they will be able to earn Kreds through sites which will be backed by those premined coins.
These coins are not for sell on first exchange we get listed, but to get people involved, who would not normally come to blockchain and crypto world.
I like the fact that KREDS is a utility coin from the word GO. I am not very tech savvy, would the Kreds Team be willing to run our masternodes for us for a small fee in return? I really wanna be able to run 8-9 masternodes and just have it for long term revenues and then just play around with the rest as this might be an awesome long term hold, especially being a new coin and in this nasty sea of red we are going through, might be nice and refreshing.