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.

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.

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

• ongoing ICO sales governed by smart contracts

designsupport: assertedsmart-contractsgovernance-designdisclosure

• 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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