Looks like it was pre-mined. They are giving away up to 6k if you connect your Facebook and verify your email. "One key difference is that 95% of the currency

Looks like it was pre-mined. They are giving away up to 6k if you connect your Facebook and verify your email. "One key difference is that 95% of the currency is being given away for free at the outset, the bulk of it from an initial issuance of 100 billion coins created by the not-for-profit foundation that will run the project. New coins will be later added at no cost to the circulation at a rate of 1% per year." http://blogs.wsj.com/moneybeat/2014/07/31/mt-gox-ripple-founder-unveils-stellar-a-new-digital-currency-project/?mod=e2tw http://blogs.wsj.com/moneybeat/2014/07/31/mt-gox-ripple-foun...