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?
You can mine TX FEEs!
Did you even read the OP?
Coins will ONLY be distributed by the developer.
You can only shave off the tx fees by mining.
You know who did this?
Premine
You know how they distributed the coins?
They gave them away, for free.
Now that original stake is worth $2500.
Free.
That's fair. This is shit.