“It is an established fact that ninety percent of startups fail. And it should also be an established fact that 90 percent of these ERC20s on CoinMarketCap are going to go to zero.” - Vitalik Buterin
Buterin has previously emphasized that he considers the centralization of development in ICO projects as a serious flaw in many ERC20 token-based projects. While the Ethereum blockchain, the base infrastructure which supports the ERC20 token standard is decentralized, ICO projects are conducted by a closed group of developers, or in many cases, companies funded by venture capitalists.
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