It is meant for those without mining gear to be able to buy early.
If you think 17% is to high... go buy some ICO with 100% premine....
Also, this is NOT my coin and i dont own the premine, only way for me to buy coins will be the same as for you =
participate in auction or start mining.
I'm not saying it's a bad thing. I'm both a miner and an investor.
You've released enough info for us to actually be able to dig up which coin you're talking about. I don't have time right now as I have to drive my parents, but you bet I'll start digging in about 6 or so hours. Save me the effort and just announce it now or I'm going to beat you to it and announce it myself
I am waiting ..