kaal:claim:4015908-020

Without significant marketing a fair launch token is less likely to reach a diverse set of market participants, and projects reaching only a few hundred investors with small million dollar market caps are much more prone to abuse and manipulation.

Source quote, verbatim

Without significant marketing of the project, it is less likely the token will reach a diverse set of market participants. Projects that only reach a few hundred investors and only small million-dollar market caps are much more prone to abuse and manipulation.

From

Wulf A. Kaal, Fair Token Launch (2022), III.2.c(5)(b) Public Marketing Permissions, p. 10
https://ssrn.com/abstract=4015908 · source PDF

Cite as

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

Holds when

token launches with limited marketing reach

Classification

mechanismsupport: arguedfailure: Thin market manipulation riskfamily: liquidity-and-market-structure-failureeconomicsdefi

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