it seems to be all too commonplace these days.
1. Anonymous dev launches a coin with a massive premine
2. Anonymous dev offers bounties - to be paid at launch
3. Anonymous dev backtracks on bounties and with-holds permine
4. Anonymous dev does backdoor deals with exchanges
5. Anonymous dev dumps the entire premine on first exchange possible.

1+2+3+4+5 = coin dead.

we need to put pressure on the developer to let us know;

1. what merchants he has on board (this coin should never have been launched without prior market interest)
2. when the bounties will be paid
3. premine escrow address (dev assured the pre-mine would go into escrow)

however, he's the usual scrypt;

"We have given x-person the premine to hold as escrow"

wait 48 hours...

"x-person has done a runner with the premine"



 
Until all bounties are paid, I'd advise any exchange looking at this to be very wary.