kaal:claim:4900878-020

The 2017 ICO wave democratized access to investment and spurred blockchain innovation, but the absence of regulatory oversight produced numerous fraudulent projects, which exposed the need for robust economic models and regulatory frameworks inside token ecosystems.

However, the lack of regulatory oversight also led to numerous fraudulent projects

Wulf A. Kaal, Quantum Economy and Tokenomics (2024), 5.1 History and Evolution, p. 39
https://ssrn.com/abstract=4900878 · source PDF

Wulf A. Kaal, Quantum Economy and Tokenomics (2024). SSRN: https://ssrn.com/abstract=4900878

• the 2017 ICO market before regulatory frameworks matured

failuresupport: arguedfailure: unregulated-ico-fraudfamily: fraud-and-misconductsecurities-lawtokenomics

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• Agreement: DIGITAL FINANCIAL ASSETS: SEGMENTS AND PROSPECTS OF LEGAL REGULATION IN THE BRICS COUNTRIES