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tradeandholder

What is premine and what instamine?

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Premine and Instamine are both considered as unfair distribution of cryptocurrencies.

Premine is a mining process where high percentage of coins/tokens are mined before released in public. Most scammy ICOs are doing that and selling quickly for a nice profit or giving large amount to the exchange owner to list their token. XRP is a 100% premined coin, Stellar is 97% premined.

Instamine is a distribution of large quantity of coins/tokens at the beginning of its launch, whether there is a bug in code that releases large quantity of coins or developers do it on purpose. Bitcoin and DASH was instamined.

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Market defines price, you can't argue that. What would you do if you had a chance to get some instamined coins? Would you complain?

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