That section of the announcment sounds deeply suspicious.
It suggests trust and fairness, but reading between the lines exposes scam on a massive scale, potentially only benefitting the exchanges themselves.
How do we know this coin was not actually CREATED by an exchange or cartel of exchanges?
If it was, and the possibility *MUST* be entertained, then they could simply hold them and trade them without any knowledge of the owner of the BTC, LTC or DOGE wallets on their exchange.
Clam coins could then be manipulated by the exchanges themsleves and sold for BTC at their leisure as THEY would be the major holders of clams, not the users whose wallets they hold.
All they would need to do is install clam, upload all the addresses on their exchange and strip-mine the clam coins.
Remember, we are being asked to TRUST exchanges to be FAIR and HONEST when dealing with clam.
They run exchanges to make money.
**WARNING**
THERE IS NO SUCH THING AS A FREE LUNCH
Someone, somewhere will always have to pay.
Please don't let it be you.
I certainly wish we ran an exchange
Alas, we do not.
That said, you are not being asked to TRUST exchanges.
In fact, the section you quote, was a very very polite way of requesting that the community....
Take up pitchforks and torches -> demanding their CLAMS.
Buy beyond that, we can't force a holder of a privateKey to do the right thing and distribute those coins to their users.
I swear: if we had thought up a way, we would have. We certainly tried.