VC calls Ethereum killers “toothless” primarily based on token allocation to insiders

VC calls Ethereum killers “toothless” based on token allocation to insiders

Ryan Sean Adams, founder of Mythos Capital, called killer “toothless” based on initial token allocation schemes that often put insiders first:

Source: Twitter.

Adams was reference on a recent Messari report that summarized the token distribution for some of the most popular Ethereum (ETH) Alternatives that have been introduced in recent years. There are four main distribution categories: Public Presale, Community Assignments, Insiders, and the basics of each project.

Source: Messari.

Read on on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may suffer from using this data.

Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Comments are closed.