What are some properties that a token launch should have for you to consider it ethical / values-aligned and not decrease your excitement for the project?

>50% supply circulating when transferable 
<33% total supply to insiders (team, investors, partners, MMs etc.)
Bias distribution towards known (pseudonymous fine) contributors and users, over random airdrop farmers with arbitrary distribution criteria

Reality, typical launch today- 10% circulating supply, 50% insiders

Yup, the current situation disgusts me.  Screwing over the guy on the street because of a privileged class of accredited investors (VCs).  It goes against crypto values and it's class war.