A lot of new coins often have 1% or 2% premine. Pretty small, right? Well, no, not really. Altcoin scams only last for around weeks to a month, lets use EAC as an example. EAC has 775,000,000 coins mined so far from 13,500,000,000. This is just 5% of the total coins! Ok, now, Earthcoin has a 2% premine, therefore, they have a 40% premine right now.

Please do some maths and don't be fooled.

Thanks.