Theres no premine, other then the first few blocks at the start when people still starting their nodes.
Centrlization is an issue ATM, there a few whale miners and we are trying to get pools to add the coin.
Thanks. I'm still considering it, but will observe if centralization issues improve, and if it gets added to any exchange.Centrlization is an issue ATM, there a few whale miners and we are trying to get pools to add the coin.
This has no decentralization at all, everyone bailed the ship on 2nd/first day, the explorer has that data.
There have been much worse instamines in coins which today are considered decentralized, like Monero, Dash or even Litecoin. As the coin is only 15 days old or so, even if now 90% are owned by team members (of course I don't know who the GPU miner is, but experience tells it's someone from the team 
) distribution can become still better than these. If it's nobody from the team, then they took the work to code the GPU client, which can be done by everybody with programming skills as long as the algorithm of the coin is open source (and it seems so -- if it has closed source elements then you're right and the coin has serious centralization issues.)