kaal:claim:4015908-041

Rug pull practices can take the form of a whale guaranteeing an inside developer or business head a percentage participation if that insider changes the code governing the project to produce an outcome that benefits only the whale and its associates.

Source quote, verbatim

example, a whale may guarantee an inside developer or business head a percentage participation if the insider changes the code that governs the project for a beneficial outcome that only benefits the whale and its associates.

From

Wulf A. Kaal, Fair Token Launch (2022), IV. Fair Launch Protocols, p. 14
https://ssrn.com/abstract=4015908 · source PDF

Cite as

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

Holds when

insiders retain the ability to change project code

Classification

mechanismsupport: arguedfailure: Whale insider code briberyfamily: fraud-and-misconductgovernance-design

Related claims

extended_by kaal:claim:4067783-009 Most DAOs that suffer unethical behavior and rug pulls are abused by insiders, and this is possible because in...

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