VC calls Ethereum killers ‘toothless’ based on token allocation to insiders

Mythos Capital founder Ryan Sean Adams called Ethereum killers “toothless” based on initial token allocation schemes that often prioritize insiders:

Source: Twitter.

Adams was referring to a recent Messari report, which summarized the token distribution for some of the most popular Ethereum (ETH) alternatives launched in the last couple of years. There are four main distribution categories: public presale, community allocations, insiders, and each project’s respective foundations.


Source link

About bitcoin

Check Also

Is Theta Token the Next Ethereum or the Next Dogecoin?

As the meme-friendly Dogecoin has showed us, the next hot cryptocurrency can come from almost …

Leave a Reply

Your email address will not be published. Required fields are marked *