kaal:claim:3117224-011

Because ICOs give investors very limited assurances through upfront and continuous disclosures, the token market is highly volatile.

Source quote, verbatim

ICOs on the other hand, give investors very limited assurances through upfront and continuous disclosures, making the token market highly volatile.

From

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018), II. Regulatory Concerns, p. 5
https://ssrn.com/abstract=3117224 · source PDF

Cite as

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

Classification

mechanismsupport: arguedfailure: disclosure-driven-volatilityfamily: disclosure-ineffectivenessdisclosuretokenomicseconomics

Related claims

restates kaal:claim:3067615-025 ICOs provide the highest possible liquidity for investors at the very beginning of a platform's lifecycle, bef...

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