What is premining?

[Wekesa]

I actually dont know what am doing or even I dont even what it means but to try as hard its important for me to keep on trying and in the end there is going to be an information coming am going to try the same , I will google this , premining am not sure what its all about so the best thing is what I can do

[Newbie_trader]

So this is what it means. I often encounter this term in other forum sites but no one really explained what it meant. Well now, I learned something new again!

Yes, it is something that they run before they make it publicly.

[Trader_Rob]

So this is what it means. I often encounter this term in other forum sites but no one really explained what it meant. Well now, I learned something new again!

[Newbie_trader]

In premining, the team of developers would mine a certain amount of the currency for themselves first to cover the expenses once the currency has been introduced to the public.

Pre mining is somehow a reward for the developers. They can acquire a coin as much as they can before it is made publicly available.

[Sendo12]

In premining, the team of developers would mine a certain amount of the currency for themselves first to cover the expenses once the currency has been introduced to the public.

That's right. The expenses include the fees from exchange sites when the coin has been included in the listings.

[Aya]

In premining, the team of developers would mine a certain amount of the currency for themselves first to cover the expenses once the currency has been introduced to the public.

[Mr. Cid]

Many investors could have already mined the coin before it is launch.

[Oasweaz]

What is premining?