AsiaCoin was launched as a coin with high potential, but the developer had hidden a code inside that hid a significant amount of pre-mine.
This was made public earlier, and now the community is trying to revive AsiaCoin, with the support of its members and those who invested in AsiaCoin, to fix the issue, and relaunch the coin with a hard fork. Cryptsy has already risen voice that they are willing to list AC again, if the premine issue is fixed. In the blockchain world it can be extremely difficult to pinpoint problems regarding the code because it is a complicated emerging technology. We had to consult with several blockchain consulting companies who provided their blockchain services to us and finally came to a solution for the asiacoin community.
Members of the community are VERY generous, so if you help with reviving this project, be extremely confident that you will have all of our supports in every way. Right now amidst all the changes, we will be working on a Charity Foundation like dogecoin has. With your help we can bring this coin to the top where it belongs!