was there any pre-mined coins?
yes, 21 million Chia coins were pre-mined by the corporate entity controlling Chia
They also said there is no limit. Think about that.
The chia-net team also said their only goal is to go public as an IPO, and be the next Red-Hat, a software support company, and be bought about out by IBM for 10's of BIllions, kid you not right on their video they say this.
These bozo's can't even get the blockchain to sync after 5 years in dev, you think they should have just cut&pasted BTC's blockchain and called it good.
What's the deal with price? It was traded in China since jan 1, 2021 as an IOU, before the my 5,2021 launch, it went up the $1600 USD all be its own as a 'scam coin' on chinese exchange, 100% gambling. Chia-Dev rushed to main-net, but they hadn't test the block-chain, now its a kluster-fuck, no pool
But then a guy in CHINA created a hpool months ago called HPOOL.COM, and it works, and I use I create 16x plots a day, and earn lots of xch, the 'woke' morons who bought the green-feces BS are told "Don't use the chinese hpool, you'll go blind, or shoot your eye out".
Chia is an entire new market for crypto's its targetting the woke-millenials post covid, and they think up is down, and left is right, Chia is the ultimate barometer that crypto has found its last sucker.