Thanks
Check the first block on the chain 3,500,000 coins, so 500,000 premine and IPO 3,000,000
Shit that's a 5% premine, ouch. Misleading dev.
Is it? A lot of coins are using the max number of coins for the pre-mine, for example Yellowcoin was one of them, they had 25% pre-mine when you only check it based on POW.
They said 0.6% premine based of total supply there will ever be by 2027 or something like that, which is clearly a joke. Maybe if they were honest about the 5% and we all knew where that money was going some people would support it.. I still wouldn't support 5% premine without awesome innovation though. Classic scam in my opinion. It looks already dead.
I really don't think you should compare this method with other scam coins and try to call it the standard. People will not put up with this. We need to raise the standards not lower them.