Something in the code of this coin doesn't add up and if my maths are correct, it is 62.4% premined.
There are 500,000,000 max coins despite what the announcement says.
On the first block, 312,000,000 were instamined, which if you divide that by 500,000,000 you get 0.624, which x100 = 62.4%.
Want to back up that statement with actual proof?
Link us where in the source code you found 500,000,000 coins and that 312,000,000 were premined!!!
I threw together a Block Explorer for BANK. The wallet address translation is wrong, but it shows all the blocks.
Block One had 1,000,000 coins in it. That matches up with the 1% pre-mine. There's no smoking gun here and the Dev last visited 2 days ago, so no need to panic.
Check out
http://bank.exploreblocks.com:2777./bankcoind getinfo
{
"version" : "v1.0.0.0",
"protocolversion" : 60013,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 13824,
"timeoffset" : -1,
"moneysupply" : 100670697.48239422,
"connections" : 45,
"proxy" : "",
"ip" : "162.243.44.147",
"difficulty" : {
"proof-of-work" : 41.79746728,
"proof-of-stake" : 0.00182803
},
"testnet" : false,
"keypoololdest" : 1400764241,
"keypoolsize" : 101,
"paytxfee" : 0.00010000,
"mininput" : 0.00000000,
"errors" : ""
Total money supply is slightly over 100 million and the current block is 13824.