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:
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.
Read on on Coin Telegraph
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