why every coin has a premine?
To cover the development cost, like renting a www server, writing source code, patch wallet, do marketing things like exchanges etc.
Did someone threw a reverse gear in this train?
Nope, just someone was desperate nerd and sell hundreds of thousands ENC
It's cheap now so people buy coins
I think you will find that the multipools are now holding back this coin. They are mining and dumping the coins they get into the buy orders. Once you got yourself list on CoinWarz, you got yourself noticed in more ways than one. Plus this coin has KGW which means the difficulty re-targets quickly. The multi-pools will make the most of this opportunity.
Congratulations. You are the most profitable coin on Wafflepool
http://wafflepool.com/stats/nscryptThe coin will still do well in the run up to MintPal listing, but not as well as you would have expected if there was an absence of multi-pools hhahahaha
We are now probably looking at 8k sat, rather than 10 or 11k by Sunday
