Not dead. Just drowning.
Like I said the first days it was released there are a few things it needs to grow.
1) Get rid of the premine. Noone will invest with it. U cant justify it for me. As an investor the owner thinks he knows better by holding billions.
2) If you insist on premine.. be liberal on giving to developers. By being cheap the owner and hence the stakeholders of this coin become cornered into the last step.
3) real development. pos is only the door.
The premine isn't "billions." The amount was announced before. And it has been being used to reward developers and those who help the coin. I can personally confirm this.
Sorry 0.7 billion and read point 2 you didnt get it.
Check the information about the premine (
http://mintcoin.cc/news-room/). What exactly do you count as cheap? To date, of the 0.7bn coins, 0.116bn (if you insist on using that fraction) have been allocated or already spent on development or promotion, and that doesn't count the most recent bounties for the tipbot or banners.
Also bear in mind that this coin is still only a few months old and that the major development are still to come. This is a long term coin, do not expect the whole of the premine to be blown in the first half year - the fact that around 17% has been spent/allocated already is anything but cheap.