Actually i just realised...
Premine was 150k of 5 million which is 3%
Now Premine of 150k of 1.15 million is 13%.
Why has the premine coins stayed the same with the reduction of the total coin supply? The premine should be 30k our of the million.
Please see our statement regarding the premine. Due to the pre-agreement with investors, we are unable to change the total number of the premined coins.
XCloudcoin - Transparency Report
We are committed to transparency and in order to build trust we have voluntarily agreed to disclose the XCloudcoin premine distribution plan to ICO buyers. Spending of the premined coins will be approved by XCloudcoin Foundation which will consist of the development team, investors, and other community advisers.
The XCloudcoin Team received a loan of $25,000 from private investors for the file hosting development costs which will be repaid using the operational costs.
20% Xcloudcoin signup bonus program
30% Promotional Campaign
50% operational costs