Auroracoin is a cryptocurrency for Iceland. It is based on litecoin and is 50% premined. The premined coins will be distributed to the entire population of Iceland, commencing on midnight 25th of March 2014
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50% goes to the people of Iceland and the rest of the world is going to mine them and invest their money and bitcoins , total scam
If it goes to Iceland..
I believe Auroracoin devs are just going to dump it little at a time.
Maybe they will wait till 25th of march so no one will see it coming when they can openly start operating on multiple wallet addresses.