instamine != premine, the coin was released on block 0.. to me thats not a premine and if you look at the source;
static const int64 MAX_MONEY = 92955807 * COIN; // maximum number of coins
static const int64 S_GENESIS = 929558 * COIN; // 1% of coins (Startup/Giveaways/Bounties)
inline bool MoneyRange(int64 nValue) { return (nValue >= 0 && nValue <= MAX_MONEY); }
and also the website says "1% Genesis Block for Coin Promotion and Giveaways" (admittedly its the last point but meh)
Opensource is hardly hiding shit
Good luck, i'm jumping on this coin in the hopes it goes the same way as moon
most coins have largish genesis blocks these days, 1% is small lol