As we have sadly not found a better distribution model, we will have to resort to an IPO to distribute the initial Sparks
A new coin with no premine sweet , but wait the only way to distribute the coins is through ipo so 100% premine then as that is what it is.
100% IPO is really not a good idea. "no better model" is a greedy excuse.
C2 and Faircoin did well.