# kaal:claim:4015908-019

**Claim.** Because pre-public token allocations to cover start-up costs run against the majority view on fair launches, preserving the spirit of fair launch requires that such allocations be fully transparent, announced to the community, and open to a community audit of the books.

**Type.** design  **Support.** argued

**Holds when.**

- project allocates tokens before the public launch to cover startup costs

**Source quote.**

> However, in order to maintain the spirit of fair launch, such token allocations before the public launch should be fully transparent and announced to the community with a community audit of the books, as desired.

**From.** Wulf A. Kaal, *Fair Token Launch* (2022), III.2.c(5)(a) Start-up Expenses, page 10

**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.** disclosure, compliance, tokenomics

**Keywords.** fair-launch, carve-outs, transparency, community-audit, token-allocation

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