It had a fair launch. Check the money supply graph for the first 24 hours after release, it's a straight line all the way from zero. Compared to almost every other coin which have a huge amount of coins generated in the first couple of hours.
This is really THE thing. 121,000 coins were minted on day 1, while the target is ~86,000. This is unheard of from a cryptocurrency.
That being said, the fair mine doesn't make the coin popular. The fair release prevents a few people from owning hundreds of thousands of coins, which prevents those same people from dumping it all to shit when it hits an exchange.
The fair mine ensures that the currency will act in a stable manner. It limits the money supply while the user base grows, and allows for the kind of marketing that has occurred from the developers.
A currency must be accessible but also feel rare. At least that's my take on the situation.
I've seen other coins, where people had over 100k in the first hour
BitBar was the worst for this. Since release, abpout 3000 coins have been minted. 2,200 of those were minted in the first four hours, and by the second day, 2,500 had been minted. Thus, the value will always be low. Too concentrated a supply.
