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Grin, they don't have this following specification
- Pre-mine: No
- Founders Reward: No
- ICO: No
- Masternodes: No
It is possible to launch a coin without ICO, demand will be the one that's going to dictate it's price. If coin has good features, surely people will invest their time to use it.
It only works with communities who actually want to bring change to the world, not just to their job and income. So it's really rare. But this is how bitcoin started, after all.