many miners are scared away by the huge amount of premined coin(40 million)
I do get that to a certain extent, however if you look at the pre-mine balance you can see a commitment to spending and distributing the pre-mine to aid coin adoption and service improvement.
Nearly 35% of the pre-mine is already spent!
Also having this pre-mine fast tracks our market capitalisation by over a year, as that is how long it would take to mine those coins.
It allows give aways such as BlockOLottO, fast tracked our listings onto the exchanges etc etc
There are and will continue to be huge benefits to a well managed and good intentioned pre-mine.
My actions and intentions have been, and will continue to be ethical and in the best interests of the coin and the community. This is what the coin stands for.
Over time more people will be drawn to this coin for those reasons and more, and we will go from strength to strength
