Premine will be no more in a while, turns out the dev is not a dirty little scammer
12.5 million less coins will be in circulation - which makes 1 CANN is more rare and therefore should mean more valuable
I'd say now would be a good time to put some buy orders up
Edit: heh, now the CANN market is looking pretty bullish, hopefully we will see a nice steady increase to Cannabiscoin's true value
There's still the remaining 7.3 million CANN that are not accounted for publicly. So far I've come across three original miners that redeemed large wallets (300-400k). Without some type of transparency to the distribution process that was used and the old blockchain, it won't be easy to track down those coins.
7.3 million coins distributed with no oversight and virtually no public accounting.
This means Delta9 could be sitting on 5-6 million coins from the pre-mine.
Uhh, what 7.3 million CANN has not been accounted for? Last I heard the supposed premine was 12.5mil which has all been accounted for.
Delta9 is most likely not sitting on 5-6 million from the premine.
The premine was 21.8 million CANN.
Source?