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?
Do you want to know the reason?
The fact is that the dev wanted to join in CommunityCoin and get 1mil stake. Unfortunately, he has been rejected. He got angry and then he spent 2.5
BTC to coingen this coin.
You know that the dev wants to earn the cost back.