NOTE TO DEVS:

I have been a coach to devs and on teams to get pools, exchanges, miners, and investors for a few years now. I have seen problems with launches like this had, with the first day of 10K block rewards and now 470 per block. I have solved scenarios worse than this, but it takes effort from the dev team. I'll explain why this isn't a pre-mine, and sorta an insta-mine, but more importantly why does it matter and how to fix it. I recently solved a problem with a coin that had a 10% premine and it is doing VERY well now after my suggestions.

The problem we have here is NOT that the devs have the 1.6% of the supply from the bad 10k blocks. That is the situation we WANT. If the devs had the 1.6% supply, they would be in good strong hands, used for bounties, advertising, paying to get on Cryptopia and Bittrex, ect. The BIG problem we have is how much of that 1.6% is in regular early miners hands? Because THOSE GUYS are going to dump it to shit as soon as there is an exchange and ruin this otherwise good project.

So what is my solution (and this is from 5 years experience solving these issues, and usually for a bounty if dev is kind enough)? The dev/team should contact or post to find out who these rich list wallets belong to. If they are not on the team, then they are the early miners. Then the dev team should offer to buy all of their coins, or leave them with about 10% and buy the other 90% for safe keeping and business uses. 

I will also offer to any of these early miners to purchase some coins from them OTC for the initially proposed 1 cent/coin or 125 satoshi/coin.  Between the devs and myself removing most of the insanely cheap coins produced the first day from the 10k blocks, that would go a long way to solve this problem and any grievences about it.  If any of the early miners would like to take me up on the offer, just PM me here, or better yet on twitter @CRYPT0N1TE (the 0 is a zero and the 1 is a one). I have done countless deals like this and escrows in the past, and have many people on this forum, twitter, and other devs that can vouch for me and my history of solving these kinds of issues for them with a very positive outcome for all.