A 2% premine of 21,000,000 coins with a 10 minute block time will allow the dev to hold a tremendous share of all available coins for quite some time.
Look at this math and make your own judgements.
Premine - bounties:
368,000 coins
10 min blocks = 144 blocks per day
144 blocks per day = 7,200 coins per day
10 days after launch:
492,000 coins in total (420,000 premine + 72,000 mined coins)
Dev's remaining premine equals 75% of all existing coins
20 days after launch:
564,000 coins in total
Dev's remaining premine equals 65% of all existing coins
50 days after launch:
780,000 coins in total
Dev's remaining premine equals 47% of all existing coins
100 days after launch:
1,140,000 coins in total
Dev's remaining premine equals 32% of all existing coins
365 days after launch:
2,628,000 coins in total
Dev's remaining premine equals 14% of all existing coins 1 year after launch
technically as user asdf55 pointed out it states that there are 21,000,000 million coins not 21million...this could be a mistake or even a bigger scam than it already looks Look at this math and make your own judgements.
Premine - bounties:
368,000 coins
10 min blocks = 144 blocks per day
144 blocks per day = 7,200 coins per day
10 days after launch:
492,000 coins in total (420,000 premine + 72,000 mined coins)
Dev's remaining premine equals 75% of all existing coins
20 days after launch:
564,000 coins in total
Dev's remaining premine equals 65% of all existing coins
50 days after launch:
780,000 coins in total
Dev's remaining premine equals 47% of all existing coins
100 days after launch:
1,140,000 coins in total
Dev's remaining premine equals 32% of all existing coins
365 days after launch:
2,628,000 coins in total
Dev's remaining premine equals 14% of all existing coins 1 year after launch
