Apologies, the number 347 billion came from my misreading of the code when the 5.5 fork initially landed. The actual 10000000-coin block reward section from last weekend seems to sum to 17.8 billion coins, and it was not a pre-mine. You can see the current and upcoming block rewards on the Wordpress site. Given I've been wrong before, I'd appreciate more eyes on the code to check the math and we can correct the site as needed.

As I've understood it, each block reward increase was placed in order to entice miners to join in and strengthen the coin's network, basically the same as the previous hard fork (4.1). Islapdonkey, I agree with you that the fork could have used more transparency, and Flapmin has apologized for how messy this one has been.

If you're asking about TradeSatoshi, you can log in and then view https://tradesatoshi.com/Status
As long as it says:
>  FLAP    1070204   4010000   30   1      Maintenance   re check

This means it's still on the 4.1 chain (client version 4010000) and stuck at block 1070204. Until this is resolved, although you can still trade on TradeSatoshi you cannot withdraw nor deposit FLAP. cryptohub.online is on the Flappy 5.5 chain and moving, so you can use that exchange in the meantime.