Block 1 = 10,000,000 VIA (to be distributed by presale)
what does that mean? Only people involve din the pre-sale will receive it?
those coins were distributed to the ICO participants. here's the list:
http://presale.viacoin.org/list.html
"ICO" here = IPO.
ICO = IPO = selling premined coins no more no less
Perhaps, but the ICO established a base price. It was the inverse of a premine that the dev holds and dumps. On an exchange when a dev dumps his pre-mine, the price goes down.
With the ICO, you couldn't sell, you could only buy, so the price when up. Every BTC added to the ICO increased the base price of the coin. This floor was paid be every investor. The Dev has zero coin from the ICO. If he wants it, he now has to buy in, once again, raising the price of the coin.
I thought it was quite a clever way to get 10m coin into the market rather than just letting miners have all the fun.