Imho you should have mined something like 0.5%.
- 0.25 for marketing/giveaways etc
- 0.25 for development work.
Those seem to be the golden numbers.
I'm against premining, it's unfair (especially with the FoxCoin reward system that decreases every block), so we made the smallest workable premine possible. And so far it's working.
Also: .5% premine would be 5 Million FOX. That would take miners 2 weeks to catch up, prohibiting FoxCoin's ability to get to an exchange.
Why is that? The only reason I'm writing here is because I liked your first post. Esp because you seem to know what you're doing from the technical side.
Nobody sais you have to use the coins from the start or dump them. Thing is in the long run you'll have to develop this coin further if you want it to succeed. And knowing you'll get payed for that is always a good incentive.
This is not dogecoin who has a huge community behind that does all the work. I don't think any other coin will get anywhere close to that. So the ones who'll have to develop the coin it's you the devs. In time you'll have to add more people in the team to expand your skill set. Those people will have to get payed somehow.
I also think the block reduction shouldn't be linear. It should be a function, something like this:
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