Here's the Tweet that kicked off a Twitter thread about this:
Know your shitcoin.
Initial token allocations for Public Shitcoins
ie. premine, distributions between public sale (ICO), community allocation (ecosystem funds, airdrops), insiders (VC:s) and foundations (governance, rewards).
Image source: Messari, but was shared in this post:
Another thing is, even without a pre-sale, it's still impossible to have a true "fair launch" since VCs will always find a way to acquire coins cheap. Bitcoin's launch cannot be replicated.
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I always thought ETH premine was a higher %?
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You're looking at the 100% premine allocation, just broken down by their intended purpose.
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