kaal:claim:3067615-008

ICOs filled the void left by constrained bank and non-bank start-up financing and enabled a democratization and inclusion process that facilitated banking disintermediation.

Source quote, verbatim

ICOs filled a void and enabled a democratization and inclusion process that facilitated banking disintermediation.

From

Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017), II.2 Market Environment, p. 10
https://ssrn.com/abstract=3067615 · source PDF

Cite as

Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615

Holds when

start-up fundraising environment at the inception of the ICO market

Classification

mechanismsupport: argueddecentralizationsystemic-riskdefi

Verify

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