I'm wondering what the dev's current plans are for that huge pre-mine of this coin (the rich-list shows two address hold 59% of the coins... it's quite a drop down to the third wallet that moves the needle with the hefty amount of 1.85% of them --
http://www.amsterdamblockchain.info/richlist).
Is the suggestion still to somehow use the premine for marketing or bounties? Would there be consideration of burning some of them like KZ-Cash did recently?
Furthermore, if anyone is intent on building a position, it should be noted that (at this point in time and pricing) there's a million of the coins offered for sale on coinexchange -- about 1.2% of the total supply.
There are 410,000 in the open sell orders on Yobit (good luck extracting them if they're still held hostage by that exchange) -- about 0.5% of the total supply. Finally there are 1,566 AMS in sell orders at Cryptohub.
Suppose some whale came along and bought all existing buy-orders up... that person or group would then potentially only hold less than 2% of the coins. (Of course -- if such an event occurred -- there would be new sellers/profit-takers at the new price point; however, so this example is a little over-simplified.) Still, at the moment there is quite the counterparty risk here (the supply and proportions-held being a factor in both the price and why it is so easy to mine AMS right now).
