You call this ASICbit, as in, an ASIC can only mine it for a bit. 3000 PoW blocks at 1 minute each means 2 days 2 hours total of mining.
And each block being worth only 5 coins means 15000 total coins available from PoW compared to your 207692 coin premine. That's a premine of 93%. Your bounties don't do a whole lot to decrease that.
Sorry but this is an incredibly bad deal for miners or buyers.
whole heartly agreed sir!