PON = Proof Of Network. As I understand it it's basically you provide infrastructure for the network i.e. running a node and get something in return. The more you support the network the greater the likelyhood of you getting some coins.
Since I can't find any other ressource I'm gessing jaguar came up with it himself ?
thanks, so basically like peercoin with some initial distribution among stake holders.
They have a very interesting system.
They've been around for years. I hear about them just few days ago.