kaal:claim:3067615-034

An ICO that proposes an uncapped raise without an underlying product is a very serious red flag, because uncapped raises are perceived by the crypto community as greedy and raise investor uncertainty about the valuation of the platform or product being bought.

First, ICOs that propose uncapped raises without an underlying product constitute a very serious red flag for any investor.

Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017), V. Red Flags, p. 21
https://ssrn.com/abstract=3067615 · source PDF

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

• ICOs without an underlying product

failuresupport: arguedfailure: Uncapped raise without underlying productfamily: investor-protection-gapeconomicsrisk-and-incentives

• extended_by kaal:claim:3117224-006 Capped ICO raises, adopted to address investor uncertainty about platform valuation in uncapped raises, backfi...

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