Pure Currency is a form of currency which is created using pure mathematics, with no bias to any particular entity, person, or company.

The first ‘Pure Currency’ that humanity ever created was Bitcoin. Bitcoin has no bias toward any human being, it does not even know what a human is. Bitcoin only knows mathematics, and it operates in a completely mathematical digital environment. Bitcoin is only awarded to accounts which provide solutions to math algorithms and there was no initial Bitcoin that existed or that was given to anyone.

Bitcoin, the first Cryptocurrency, is also the first Pure Currency

For the first few years after the dawn of cryptocurrency, all cryptocurrencies were ‘Pure Currency.’ Each was distributed via pure mining which meant that each was a fair, open commodity and all people were on an equal playing field since all people have freedom to seek electricity and mining hardware.

Since the dawn of Ethereum ICOs, many new ‘tokens’ have launched in a completely opposite manner, locking out all people from the profits and instead only allowing the 1%, the founders and secret investors the ability to reap the growth. These ‘Monarchy Tokens’, upon deployment, assign all of their token balance to a single person or entity. This entity then decides, in an offchain and centralized way, how to distribute the tokens. Typically this is done using an Airdrop or an ICO and typically 30% or more of the tokens are kept by ‘the team.’ This is because they are greedy and know that they can get rich quick with little to no actual work. These tokens are not Pure Currencies.