kaal:claim:3067615-038

ICO promoters should make significant and ongoing disclosures on vesting and lockup periods and should never manipulate the smart contract to change ICO sales rules mid-course during the offering.

Source quote, verbatim

Moreover, ICO promoters should include significant and ongoing disclosures on vesting and lockup periods, should never manipulate the smart contract to change ICO sales rules mid-course during the ICO.

From

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

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

ongoing ICO sales governed by smart contracts

Classification

designsupport: assertedsmart-contractsgovernance-designdisclosure

Related claims

supported_by kaal:claim:3606663-013 ICO sale terms are not fixed at launch: promoters can alter the smart contract to change the sales rules mid c...
supported_by kaal:claim:3117224-008 ICO promoters can alter the smart contract to change the sales rules mid-course during the ICO.

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