# kaal:claim:3709041-030

**Claim.** Regulatory concerns and lack of market confidence were the cited reasons for postponing the token sale of GiftCoin, a charitable donation tracking project that launched in 2017 and shut down in June 2018.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- specific to the GiftCoin project

**Source quote.**

> Regulatory concerns and lack of confidence in the market were cited as reasons for postponing the sale.

**From.** Kaal, *Blockchain Technology for Good* (2020), III. Data, page 18

**Cite as.** Kaal, Blockchain Technology for Good (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3709041

**Verify.** sha256 of source PDF `5216a7bca45a48e3bef11ec524936e66af737c0fd66271e9f6866dc20a4482cc` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202020%20-%20Blockchain%20Technology%20for%20Good.pdf

**Failure mode.** regulatory chill on charitable token offerings  (family: innovation-chilling)

**Topics.** tokenomics, securities-law

**Keywords.** giftcoin, token-sale-failure, regulatory-uncertainty, charitable-donations

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