$BTC

After that, many people imitated it, such as LTC, DOGE, and so on.

Although this is 100% decentralized, the founders and their fame are there, but no profit is shared.

So some people focused on semi-decentralization, pre-mining 50%, and leaving the remaining 50% for retail miners. This led to founders, foundations, and investment institutions. Everyone calculated to pump it several times and sell it to retail investors. For example, ETH. Retail investors are really the big losers.

What happened later? Everyone saw that this could still be played, since 50% pre-sale was possible, then 100% pre-sale was not out of the question, as the chips were all in their hands, first rising several hundred times, thousands of times, easily, there would always be retail investors to take over, like SOL, TRX, EOS, etc. Retail investors are really suffering.