Haha just skimmed through the BS again. So the CEO is a very generous guy, he just gives out 1 paycoin to every prime hashlet owner. That is apparently 500k PayCoin and as we all know, they will be worth at least 20$/pc
No he's giving a paycoin to every prime hashlet that is upgraded to a prime staker i believe. Its incentive to move off the mining liability. Its then no cost to him because paycoins are made from thin air... he's literally inventing money.
He mentioned recently that there are 120k Primes (well, not that number directly, but it was implied in some other numbers he was throwing around). So not quite $10m, but around $2.4m.
Still a HUGE amount to just give out for no other reason than to provide an incentive to switch and perhaps stir the Market. If that doesn't qualify as bait I don't know what would. Good luck to everyone cashing out that gifted paycoin.