# kaal:claim:4015908-002

**Claim.** A fair launch is a token distribution in which the launched token is held entirely by the community and founders and their affiliates participate only on equal terms as members of that community.

**Type.** definitional  **Support.** asserted

**Source quote.**

> In a fair launch the launched token is held entirely by the community and all founders and their affiliates are equally part of the community.

**From.** Wulf A. Kaal, *Fair Token Launch* (2022), I. Introduction, page 3

**Cite as.** Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908

**Verify.** sha256 of source PDF `e0925afde0c42a16cd5310983789fae3eb3d1f121e2954a72afa64191d00fe37` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20Fair%20Token%20Launch.pdf

**Topics.** tokenomics

**Keywords.** fair-launch, definition, token-distribution, community-ownership

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.