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.

Source quote, verbatim

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

From

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

Cite as

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

Holds when

the 2017 ICO market before regulatory frameworks matured

Classification

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

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