Mythos Capital founder Ryan Sean Adams called Ethereum killers “toothless” based on initial token allocation schemes that often prioritize insiders:
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.
![](https://s3.cointelegraph.com/uploads/2020-10/9813bfb6-57d2-4de0-85bf-6f61a0fe7e2e.jpg)
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