That premine is ridiculus, are you fucking kidding us?
Thats what I thought as well. Let the noobs mine this, it will keep their hashes off real coins.
People who are unhappy that there is a premine and an IPO should realise we need to cover our own costs for setting the coin up and to pay for ongoing marketing services. I haven't found a free way to do this yet.
Giving away coins to the Cryto-community is one part of our marketing strategy but equally important is attracting new people from outside the community if we want to grow and succeed and, unfortunately, we need to pay marketing and press agencies for that. Sales of coins during the IPO will be used to cover these costs.
If there is a better way to cover these costs I am always open to suggestions.
Over 80% of coins fail within the first year. We don't want to be on that scrap heap and will be here to push the coin for the next 5 years.
You want to do something different from everyone else? You want people to take notice? Here is how, first you cancel the premine, Then you announce that you will purchase the first 1000,000 coins from the miners. Invest and pay for your advertising just like any new business. Invest your dollars by buying the first million to be mined and use those for give aways, bounties etc.
This will prove you believe in the coin. If you do that, you will cause everyone to take notice in your coin!! You will not having people screaming, scam coin, premined scam etc. You say you don't know of a free way to advertise, why shoul dit be free, if you believe in your business? Do it, you will be amazed at what happens!