Sweet, this coin is going some where
Let me give you a scenario:
I buy a coingen coin for .25 btc and set it to 100% premine.
Then I value the coins around 100 BTC and then I sell them all to the community.
I dont think this coin is 100% premine. You can get a wallet and mine them. How can you even categorize it like that?
I was wrong my apologies, I'm sure the dev will straighten this out.