Will this coin survive?
I don't know. The dev disappeared when his inspiration and presence is needed. Let's count how many of us have stayed here. We need cooperation right now. Post your ideas, let's try to do smth on our own concerning the advertising of GRA.
Probably cashed out his 192 million premined coins and left you guys on your own. That was the plan from the beginning...
The premine % when compared to the distribution schedule was a joke. There was no transparency with the premine.
Don't think so. There is not that amount of money to do so for Bosian. Grain even didn't reach any kind of normal price. The only thing I do not understand is that he doesn't come at least once a day to keep people optimistic.
With 192 million, you don't have to wait for a "normal price" to dump your coins over time. Even at the current prices...1 million here, 2 million there adds up to several BTC quickly.
Regardless, GRA is worthless with the dev still potentially controlling an unknown "large" amount of total coins in circulation. Why would you mine when the dev is making more on PoS than you can ever make through PoW? Why would you buy in when the dev could dump at any time?
As far as the "developer" deserving such a large premine....that's a joke. He borrowed work from other project and stuck a new picture on it...