The experiment started in a chat room
Pirate’s white paper traces the project to a Discord discussion on 29 August 2018. Komodo’s asset-chain tools made it possible to launch a chain that inherited Zcash-style shielded transactions while keeping its own miners, monetary schedule and network.
The launch terms shaped the project’s identity: no premine, founder fee or block tax. Mining distributed ARRR, and no company sale created a contractual class of buyers. That does not prove perfectly even distribution, but it removes a treasury allocation that could be mistaken for holder entitlement.
