The devs are too greedy!
https://blockexperts.com/adc/height/1
525,000,000 premined coins and it is staking. Now = 530,157,157.15380460
As of today, the premined amount = 530157157.15380460 / 735,364,658 = 72 % premine as of today
A note to all devs... You can build a cool app but it will suck if no one uses it. (no one wants anything to do with substantially premined coins)
They stated in the OP regarding the premine:
Premine is exclusively for Aurovine Eco-system, 3rd party platform incentives, Dev/Bug Bounties, Rewards, Marketing and Faucets
I'm more than happy with the way this coin is being developed and the team behind it have been working on it hard. They have already created Aurovine which is a fantastic site for new music.
https://www.aurovine.com/
I am also not concerned that they are staking the premine as that can only increase the amount that they can re-invest in the development of the coin as well as other ideas they have.
You are right though to question it as any investor would, but they have been nothing but honest and transparent when it comes to their product and the way the premine is being used.
99% of conversations regarding the coin are actually over at Cryptocointalk, so ask your questions there and I'm sure one of the devs will have some answers for you.
https://cryptocointalk.com/topic/38520-ann-adc-audiocoin-a-digital-currency-for-the-music-industry/page-1