02 May 2023
Payment tokens: Bitcoin ownership the most spreadMost payment tokens are organically distributed through mining with no pre-allocations. But no allocations don't equate to spread ownership. The issuance schedules are massively frontloaded - early adopters will, in practice, get huge allocations.
Ownership concentration. Source: K33 Research
Always assess the token ownership concentration when you buy cryptocurrency.
The figure above lists the percentage of tokens held on exchanges and the share of tokens held by the top 50 addresses (excluding exchanges). Bitcoin has the lowest ownership concentration of all the tokens by a substantial margin.