CHAM has been a farce from the start. The mining got going before anyone had the wallet, the pool with 80% of the network stole people's coins, and the pool which was set up by the devs didn't actually find/pay any blocks.
Too bad CHAM turned out to be a disaster. I don't feel so bad about missing the launch now.
At least they're open about it. And donating the proceeds of the premine as well as using it for incentives.
Most of the coins today openly announce a premine, except the 42 dev that tried a stealth premine. Oh well, nothing lost on CHAM for me, maybe SmartCoin will be worth blowing some mhs on.
Good luck everyone.
*Edit* I couldn't help but notice the high hashrate of CHAM. With all the cries of scam, what continues the draw miners to this coin? intriguing...