# kaal:claim:3117224-001

**Claim.** Initial Coin Offerings provide unprecedented liquidity and efficiency for capital formation while minimizing transaction cost.

**Type.** mechanism  **Support.** asserted

**Source quote.**

> Initial Coin Offerings (ICOs) provide unprecedented liquidity and efficiency for capital formation while minimizing transaction cost.

**From.** Wulf A. Kaal, *Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses* (2018), I. Introduction, page 3

**Cite as.** Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224

**Verify.** sha256 of source PDF `83e9ccb9219a217d9fcfc5c098b897229ee7cf85623bee3ae22d2e986548466b` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202018%20-%20Initial%20Coin%20Offerings%20The%20Top%2025%20Jurisdictions%20and%20Their%20Comparative%20Regulatory%20Responses.pdf

**Topics.** securities-law, tokenomics, defi, economics

**Keywords.** initial-coin-offerings, capital-formation, liquidity, transaction-cost

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/3411110-034

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3067615-001
- supports: https://wulfkaal.github.io/claims/3002908-039

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