kaal:claim:3117224-012

Token holders typically receive no liquidity preference protecting them if the platform they invested in goes bankrupt or terminates.

Source quote, verbatim

Token holders typically do not receive a liquidity preference that would protect them in the case of bankruptcy or termination of the platform they invested in.

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

failuresupport: arguedfailure: no-liquidity-preferencefamily: investor-protection-gapsystemic-riskdefitokenomics

Related claims

restates kaal:claim:3067615-028 On bankruptcy or termination of the platform, token holders typically have no liquidity preference and no reco...

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