kaal:claim:4021599-020

Utility tokens are not created by their issuers for investment purposes; they are designed to be used for their specific utility in a given context.

Source quote, verbatim

investment purposes.32 They are designed to be used for their specific utility in a given context.33

From

Wulf A. Kaal, Securities Versus Utility Tokens (2022), III. General Characteristics of Utility Tokens, p. 11
https://ssrn.com/abstract=4021599 · source PDF

Cite as

Wulf A. Kaal, Securities Versus Utility Tokens (2022). SSRN: https://ssrn.com/abstract=4021599

Classification

designsupport: assertedtokenomics

Verify

The quote above is an exact substring of the source PDF, whose sha256 is bb03790af46b3710e306121cfae25f850e3e7477e0f95313af42b9feeb6bc0c4. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/64bd6bec17e94212...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/4021599-020.md | sha256sum