DON'T MINE THIS SHIT - DEV HAVE ALREADY 499700 COINS FROM PREMINE, AFTER ONE WEEK IT WILL BE MINED ONLY 300000 COINS , LESS THEN DEV ALREADY HAVE, - PURE SCAM
The premine was explained in the OP. The coins will be used for bounties for merchants. We chose to do this -- which we can accomplish with a premine of less than 2% -- as opposed to the alternative that others use, which is 50% premine plus "air drop".