kaal:claim:3067615-011

Adjusting the commercial benefits attached to a token operates as a quasi fiscal policy tool: increasing those benefits raises aggregate demand for a given token supply and can offset the depreciating effect of a large supply in circulation.

A later claim in the corpus revises this one. Prefer quoting kaal:claim:3249860-013.

Source quote, verbatim

First, the increase in commercial benefits associated with a token heightens the aggregate demand of the given token supply. Second, commercial benefits associated with a token issuance can help offset depreciated supply scarcity

From

Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017), II.3 Crypto Economics, p. 11
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

tokens carrying discounts or other usage-linked commercial benefits

Classification

mechanismsupport: arguedtokenomics

Related claims

restated_by kaal:claim:3249860-010 Increasing the commercial benefits attached to a token heightens the aggregate demand for that token's given s...
restated_by kaal:claim:3249860-011 Commercial benefits attached to a token issuance can offset depreciated supply scarcity, meaning the dilutive ...
extended_by kaal:claim:3249860-012 Adjusting the commercial benefits of a token issuance lets the issuer avoid more drastic monetary intervention...

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Attestation record: colloquium/attestations/ee8b83b7a9f90483...json
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