How  about a  quick question  Like

 How is this  system any good.
Ans: Well if you ask me this is definitely very good ,  I can't make any comment about what you think

what are its  advantages.
Ans : Well Laxmicoin will be accepted by Indian retailers and we will provide support to price.. Difficult to answer like you wanted yes or no

Is it  based on the  bitcoin code,
Ans: No

 is it premined and the  big question is it  opensource?
Ans: premined but will be distributed for " Computing for good cause" You allow computing power for research purpose or some good cause and earn Laxmicoin



is this  being  used  for money  transmitting  purpose. correct me if i am wrong.

Ans: Even bitcoin is used for trasmitting money , all digital currencies used to transfer money ,  I am not sure what is your exact question?

Simple  yes  and  no would  suffice too.