Freetrade was finally voted out and is abandoning the coin just like he did with Memorycoin 1. Stay away from this developer. This was predicted in this thread. He will most likely attempt to have the coin removed from exchanges as he did with his previous coin. He succeeded in having the coin removed from bter previously with MEC (memorycoin 1).Proceed with caution.
Developer FreeTrade has granted himself large amounts of MMC through a pre-mine. These awards, upwards of 205,000 coins as he later disclosed after much pressure. These coins were disguised as a pre-mine that was given to protoshare holders and memorycoin 1 contributors. Plus he has been raking in ~48 coin per every 20 blocks for holding the CEO position. Aaaaaaannnnnnd ~15,000 coin from holding the CTO position for awhile in the beginning.
If one person controls that many coin from day 1, the voting aspect of the coin is compromised and this voting aspect is the one thing that was to distinguish this coin from other alts. Especially since the coin failed to remain GPU resistant.
Good luck all. I advise you to be careful here.
See this thread and these other threads for more info:
https://bitcointalk.org/index.php?topic=389386.msg4476668#msg4476668 (his faux interview disclosing his stake after much pressure)
https://bitsharestalk.org/index.php?topic=2124.msg24636#msg24636
https://bitsharestalk.org/index.php?topic=2047.0
https://bitcointalk.org/index.php?topic=267522.msg3143884#msg3143884
https://bitsharestalk.org/index.php?topic=2125.0
https://bitsharestalk.org/index.php?topic=2817.msg35078#msg35078. New
Read for yourself, especially FreeTrades responses.
Do you due diligence!
Last update regarding this for now. I will check back in a few months. See how the coin is doing. Good luck, although you might have better luck with Coinye, COYE!