3% premine = 12 years worth of mining rewards gone. You stat in ur ANN 5% premine LOL
your coin is a going to go on fisrt exchange and the dev team will dump all premine and leave coin only to start another coin and repeat the same thing over and over.
No diffeent to many coins being made now under cryptonight algo. all say the same thing in ur white paper and end up doing nothing after you get on a exchange and dump premine, then make new coin and say the same thing and do it all again.

coin will fail like every other cryptonight coin.