kaal:claim:3067615-012

Adjusting commercial benefits associated with a token issuance is preferable to blunt monetary intervention, because it avoids more drastic measures such as emergency sales, building token reserves, or changing the token supply in circulation.

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

Source quote, verbatim

Fourth, adjusting the commercial benefits associated with a given token issuance avoids more drastic monetary policy intervention by way of emergency sales or building token reserves or a decrease or increase of token supply in circulation.

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

issuer management of an outstanding token issuance

Classification

designsupport: arguedtokenomics

Related claims

restated_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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