Quote from: Prominence on April 23, 2014, 07:59:09 PM

"WATCH OUT!!

Block time: 1 minute
Difficulty retarget: every block
Total coins: 40,000,000 UVC
Coins per block: 80 UVC
Block reward halving: every year
Premine: 1.77% for bounties, future development, and merchants adoption

Considering the 1.77% premine, the OP instantly gets 708000 coins. The block rewards are so low that this is a big deal. The market price will start out relatively high. Think about 2000 satoshi as a minimum and (if the coin's popularity increases) the value could be above 10k satoshi. The OP is probably going to dump the moment there's a high buy order and will then stop supporting the coin since he's made a quick buck. Do not accept premines like this. The OP could dump a total of 141BTC worth on all markets this coin is traded on if the value is 2000 satoshi. (Expected value for this amount of total coins with such a reward)

If it wasn't for the premine this would be good. Stay away or demand OP only accept donations."

Prominence seems to have been spot on.