{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3067615-034",
 "identifier": "kaal:claim:3067615-034",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags",
  "datePublished": "2017",
  "url": "https://ssrn.com/abstract=3067615",
  "sha256": "164ce15b9eb1e8847ebcb073f5b23a96b4974ad0308d77469a9455d4a1ebeb38",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Dell%27Erba%20-%202017%20-%20Initial%20Coin%20Offerings%20Emerging%20Practices%2C%20Risk%20Factors%2C%20and%20Red%20Flags.pdf"
 },
 "keywords": [
  "economics",
  "risk-and-incentives"
 ],
 "about": [
  "uncapped-raise",
  "red-flags",
  "valuation-uncertainty",
  "promoter-incentives"
 ],
 "abstract": "First, ICOs that propose uncapped raises without an underlying product constitute a very serious red flag for any investor.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "ICOs without an underlying product"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/741eb6a473efd6edc17a30ba224e9718c904cf599606df14a937d9d7ddf14c0b.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "extended_by",
     "to": "https://wulfkaal.github.io/claims/3117224-006",
     "to_id": "kaal:claim:3117224-006",
     "similarity": 0.389
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "741eb6a473efd6edc17a30ba224e9718c904cf599606df14a937d9d7ddf14c0b",
 "canonicalForm": "https://wulfkaal.github.io/claims/3067615-034.md"
}