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:

Source link

About bitcoin

Check Also

Traders forecast $3K Ethereum price but derivatives data suggests otherwise

Ether (ETH) rallied 35% over the past ten days and reclaimed the critical $2,300 support, …

Leave a Reply

Your email address will not be published.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