Quote from: Cryptosapiens on February 09, 2018, 03:51:36 PM

Quote from: servc4 on January 18, 2018, 08:29:19 PM

Quote from: air133 on January 18, 2018, 08:20:35 PM

About ~1200000 coins have already been mined.
It you premine?

Hi
Those coin have been mined in time of work by dev, to make sure then everything is working fine with transfers and wallets.

Regards

That's a awful lot of coins just to make sure everything is ok, it's a shame that so many interesting projects get rekt'ed by their own creators before they have a chance to grow up.

No reputable exchange will ever list a coin with such a big premine.

I would suggest doing a giveaway or even burn most of the coins and keep something around 1% to 1,5% of total supply (180.000 to 270.000 coins), if you can manage to get some credibility it's almost sure that 180.000 coins will be worth a lot more than 1.200.000 coins with little or no value.

Many coins have premined coins for many reasons (look at all the majors). I'm sure their use will be explained in the road map and white paper. While a giveaway or a burn would be nice, right now the focus needs to be on having the coin listed on am exchange. Some exchanges request some of the coin first up, hence the need for some premine lying around I guess. Let's see how this goes.