Here are my observation on Marinecoin:
- Devs hold the whole lot (almost all) of premined coins.
- If you check the explorer, the top few holder hold more than ninety percent of them.
https://explorer.marinecoin.info/richlist
- It is listed in their in-house exchange without any buy orders. It is risky to trust them and end btc there as there is no specific term of the exchange mentioned on the site.
- There is no guarantee that the dev will not sell their own coins and move on.
"Devs hold the whole lot (almost all) of premined coins." : Team is offering 450.000 MTC to 20k members (total of 9 billions). So it's just for the moment.
"It is listed in their in-house exchange without any buy orders." : there are buy orders in doge/MTC. There is low volume in BTC/MTC and LTC/MTC, however it's much more active on doge market.
"There is no guarantee that the dev will not sell their own coins and move on." : Once we reach 20k members, almost all MTC will be hold by community. So that's not going to happen.
As I said before, join our discord, if you have doubt about the project :
https://discord.gg/7Euepq