kaal:claim:4015908-028

Whale purchases that soak up token supply at the earliest possible time in a launch are the key problem fair launch platforms address, because they can be the origin of significant centralization that harms the project for the entirety of its active market engagement.

of whale token purchases that soak up supply at the earliest possible time in the token launch. Such whale purchases can be the origin of significant centralization of a token launch that may harm the project for the entirely of its active market engagement.

Wulf A. Kaal, Fair Token Launch (2022), IV. Fair Launch Protocols, p. 13
https://ssrn.com/abstract=4015908 · source PDF

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

• whales able to buy large amounts at the earliest moment of a launch

failuresupport: arguedfailure: Early whale supply capturefamily: plutocratic-capturedecentralizationtokenomicseconomics

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