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?
Not interesting at all, it happens all the time and there's alway coin giveaways. It just happens that NEM turned into a real project, one of the few.
And why would there be issues listing it on exchanges? That doesn't make sense at all, there was issues with duplicate accounts and sock puppets but NEM foundation was very proficient at getting rid of most spammers/sock puppets.
I qualified for the free stake at the beginning but I ended up donating the NXT for the NEM to the foundation since I saw it as only acting in a fair way in accordance to the spirit of crypto space.
My "interesting" comment wasn't a criticism. I was just curious on the details of how NEM was launched and how POS coins can be launched fairly.