$BTC

“Premining” is when the creators of a certain cryptocurrency project “premine” their own tokens or give this opportunity to selected individuals before mining becomes available to everyone.

Premining is uncommon these days because projects are less and less likely to use mining to release their coins, but you should also be aware of this scheme.

Premining can look very unfair because early miners have a serious advantage over later users and are able to manipulate the price