Did NEM start with a pure POS when it launched? If so, how did it achieve fair distribution?
Its was free for the first 20 pages or so for people who posted "I am interested" in the Announce thread. After that there was a small fee, which increased every 20 pages. So in the end after sockpuppets were removed they got around 3000 stakeholders who each received a Nem stake (2250000 Nem).
It wasn't POS and all was released on the genesis block
Wow, so it was basically all given away when the genesis block was created. That is very interesting model compared to the usual POW launch. Was there any issues regarding getting on exchanges by using this distribution model?