kaal:claim:4015908-003

The foundation model for token issuance is a core form of centralized top-down governance, and most ICO projects were governed by a small group of individuals rather than by the community at large or a DAO.

Source quote, verbatim

The foundation model for token issuance is a core form of centralized top-down governance in the context of token offerings.

From

Wulf A. Kaal, Fair Token Launch (2022), II.2 Risk Factors, p. 4
https://ssrn.com/abstract=4015908 · source PDF

Cite as

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

Holds when

ICO era token issuance

Classification

failuresupport: assertedfailure: Centralized foundation governancefamily: recentralization-driftsecurities-lawgovernance-designdecentralizationdao

Verify

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