I'm thinking to buy some here... but i don't like this massive premine. Reminds me too much of Bitbeans...
50M coins, that would give AMBER a marketcap of $590,000 and this is really crazy. A coin lately is worth something like $10,000 - $50,000 and not $590,000.
If there would be some cancellation of the huge premine then i'm in. Also Bittrex will not add this coin because of their new rules, so it will be very difficult to get big investors in.
I'll buy when the coin is getting closer to 1000sats and take a risk in the hope that the premines are not being dumped suddenly.
It is not 80% premine in fact. In this case it is a 20% gift for miners.
As for marketcap - it is not too much if you consider what is behind a coin. Unlike the most of other coins which is worth 10k-50k. And lasts 2 weeks.
Really, Bittrex has a restrictions. And it is not good but there are a few other big exchanges.
Any unsold coin WILL NOT BE DUMPED SUDDENLY! All coins (shares) will be selling ONLY during certain rounds and only with a PRIOR ANNOUNCEMENT.
We are here not for just some quick bucks. This is a longterm project.