Thread by @JackNiewold

Let me tell you about something that's happened to me many times since I hit about 5k followers that is both annoying and incredibly unethical:

I'll get a DM from some relatively well-known name on crypto twitter, often anon.

'hey, you should check out x protocol or x small cap, it has a lot of potential'

I get a lot of messages about small caps and they're often interesting and promising.

That's how I find out about a lot of sub-$100m protocols.

So I nearly always spend maybe 30 minutes reading some documentation and seeing if its worth throwing in some money.

Then, most of the time, these protocols have insane token lockups/insider allocations/vesting schedules.

Like these things could by no means be called 'decentralized'

Plus, the double whammy:

I look at their team/advisors/investors and the twitter shill that DMed me is there, front and center, and never disclosed their (probably free) token allocation.

Idc if you shill me your bags but at least tell me first.

Run down the list of top 100 cryptos, check their allocations, and you will see that a majority have reasonable and fair allocations with big public sales/airdrops.

Surprise, surprise, protocols that focus on being ethical from the beginning have better results.

So people please stop shilling your bags without disclosing first.

And stop building projects that end up screwing over retail investors.

one more thing: I recognize the need for insiders with favorable allocations, it allows founders to raise larger amounts of capital with the most exposed investors getting favorable terms

but at least be transparent about it