3% of the total number of coins (100,000,000) is 3,000,000 OTC coins. All premine and IPO coins are based on TOTAL number of coins not based on POW number of coins, else it would have been written : 3% IPO of POW
There isnt a total number of POS coins since you set it at a flat 20% per year. So 3% of unlimited coins is unlimited coins... Your logic fails. I wouldn't have mined if I had known you were going to premine that fucking much.
That is more coins that the network will have for 4+ months. Unacceptable.