Everyone knows 1% premined stated clearly when the coin released, both in ANN thread and Github readme. Nothing to hide from this, anyone can check source code for that.
500k iCoin was given away for Bounties, Graphic design, PR, Dice, Faucet and still going on. Without the premined, we think we were not able to build these great services and have amazing people like Viberpass and Cointopic.
The premined coins are being used for lot of things now and future.
We are not in hurry to push the coin, we are slowly building services around the coin day by day.
And all services are paid in iCoin only, everyone takes part in will have shares in this 1% premined.
As planned, we are still working to add iCoin to Chinese Exchange.
It's Chinese new year here and i am still in hostpital, will back to you later.
Happy new year and cheers!
C.H.
Maybe you should be in a hurry to push the coin. Currently, investors, miners, and other supporters of the coin are flocking elsewhere.
The value of the coin has dropped 50% since it hit exchanges. The mining hashrate is plummeting, and difficulty will be below 2 at next retarget. The few people who still post here and support the coin are no longer feeling too optimistic, as can be seen in recent posts.
The developer of the new leafcoin dumped almost all the premine the first week on giveaways, promotions, bounties, etc. and now the community is so big and enthusiastic that they're supporting further efforts just through donations. This is a much different approach, but one that may be more successful in both the short and long terms.
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