Yeah most people think NXT IPO was bad, but IMO it was great, but it can only happen once. No other PoS coin will ever get away with a coin IPO like BCNext had - too many scams now, too oversubscribed so no upward potential for price, not enough whales created who make things happen etc

NXT distribution was an act of genius, and look, it worked. NXT is thriving.

Some things are so crazy they end up working perfectly, and NXT distribution is one of them. Plenty of people will try and find another method for a PoS distro, but none will ever beat NXT. For mine, the NXT distro worked for two reasons:
1- The IPO had enough detail, and BCNext appeared so weird, that it attracted crypto true believers, people interested in innovation, and the legacy of bitcoin. IPO's since attract greedy people, but NXT IPO was almost like a fundraiser for a mad scientist working on a garage project
2- The whales NXT created mostly accepted their roll, and co-operated to get things done. This was a natural consequence flowing from point 1

It was a stroke of genius. Find a core group of people really interested in crypto, and then make them millionaires, but only if they work together to make NXT viable. No other coin could do this now, because everyone wants to think the next IPO will make them rich. The NXT whales didn't join NXT IPO to be rich, but that's what happened. Genius, but a one off, and never to be repeated.

edit: I think NXT is very relevant to monero, same point risto made - fair distribution, enough whales, dev owns small stack