Premined coins are %4.2 of all total coins. we had some coins with 5% Premined that were very successful. Thus i am in and starting mining.
The premine is HUGE. 210,000 JACK
Then add the 100 days of no reward (dev has 80%+ at this point)
Then add the 21000% POS rewards for 60 of those 100 days - and the other 40 days are at 10000%
My maths :
21000/365 = 57.5% per DAY. Even without compounding that %, lets keep it simples, that is a % increase of 3452% over the first 60 days.
Would you gamble in a place where the house percentage is so high?
If you were an exchange would you list this knowing that the dev has the potential to dump a huge premine?
Feel to check my post history, you can see I have NEVER shown any malice towards any coin, but this is such a blatant grab for YOUR BTC that something needs to be said.
Dev suggestion : Burn 200,00 JACK leaving you a 20% (10k coins v 52k mineable) before the high POS kicks in and you MIGHT just save your coin
EDIT : My bad, high POS already kicked in
Coin is dead