Although the cryptocurrency industry professes to be one that’s focused on egalitarianism, the reality is often anything but, with many new token distributions skewed in favor of a handful of private investors. Those are generally the people who created the token, and those connected to them and the professional investment community, who are tipped off prior to the project’s launch.
A quick look at the token distributions of some of the most popular cryptocurrencies in the industry today reveals that early investors often control a huge swathe of those networks, with everyone else left to play second fiddle. The general public is very often only left with a few crumbs, and they have to pay significantly more for the handful they can get their hands on.
This explains the recent emphasis on what’s known in the crypto industry as a “fair launch”. It’s a concept that aims to remedy the inequalities that plagued most early projects by giving everyone an equal chance to acq
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