Good coin. no premine
Very simple:
DEV will turn on his miner.
Waits 10 seconds to be sure he actually mined block 1.
Then puts password on internet....... PREMINE!
Block 1: 500,000 PSD
Block 2-999: 500 PSD
Block >1000: 50 PSD
Good coin. no premine
Block 1 has 500,000 coins which he or is buddy will mine without a miner but they can type setgenerate true in their wallet and wow. They got 500,000 coins then they will give out the password.
No we don't will do that. We post the password and wait 24h and than we start to mine, we want a fair start for everybody