I dont understand the Devs motive. Why create this coin and then destroy it at the very beginning. Come on, who would invest to coin with like 99% premine! This is crazy! Does the Dev think that investors are stupid or what.

If you create a premine coin you must distribute it fairly. Not keeping your promises is bad reputation and certaily will destroy the coin.

So, Dev (Mycoin-Team) why to to create a coin and then destroy it? Could you please answer?