PayCon has unique POS only mining, in PayCon every Block is worth 30 CON each which creates a type of byzantine mining. Higher security against double spends than POW coins for a couple dollars in electricity a month plus you gain over and above the money supply inflation. Since all POS rewards are the same, you gain the Coins that other people are not Staking so instead of your Coins losing value over time, you actually gain value over time, plus there is the added bonus that Stakers don't need to sell Coins to pay for mining costs so you have far less sell pressure and all sell pressure comes only from investors. If you sell Coins (or don't Stake), other people gain more.
I'm not against IPOs/ICOs at all. The process of development of a coin costs a lot of money. Programmers, computers, testnet network, time...
I think the most important thing is doing this process in a fair way.
Development and marketing does not cost a lot of money, this is the great fallacy of the Crypto world. If you have moderate coding skills and a good idea along with commitment you can do the entire Coin with under $1000 spent on development. PayCon is a testament to that fact as it had no ICO/IPO and so far we've added a huge host of features and Blockchain improvements, social media, video production, forums, games with a total of $500 spent!
Applebyte ABY seems to have a massive premine but it has a sort of original idea in a way. Market cap $62,000.
Shadowcash $600,000 and moderated thread.
Blackcoin $1,000,000 and moderated thread.
Whitecoin $100,000 and moderated thread.
Syscoin is overtraded as is mentioned by the poster, also moderated and premined. $147,000.
Blackcoin has an unmoderated thread too, but lately they created a moderated thread because of the trolls. Anyway, you are free to create an unmoderated thread about any of these coins.
PayCon is completely unmoderated, you don't need moderation if you are awesome, plus has a ridiculously low marketcap of $5,000.