# kaal:claim:4015908-009

**Claim.** The fairness of a launch can be measured by how many individuals have access to the token at launch, assessed through the number of wallets holding the asset combined with the active participation of the wallet owners.

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

**Holds when.**

- token functioning as a traditional medium of exchange

**Source quote.**

> To determine the fairness of a launch for a traditional medium of exchange it is possible to consider the number of wallets holding the token asset. Moreover, it is possible to consider the combination of distribution of the asset in wallets plus the active participation of the wallet owner.

**From.** Wulf A. Kaal, *Fair Token Launch* (2022), III.2.b Number of Wallets, page 7

**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, wallet-distribution, fairness-metrics, token-holders

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