{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/carve-outs",
 "identifier": "kaal:entity:carve-outs",
 "name": "Carve outs",
 "termCode": "carve-outs",
 "inDefinedTermSet": {
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 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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   "value": 3
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   "value": [
    "2022",
    "2022"
   ]
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 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4015908-018",
   "identifier": "kaal:claim:4015908-018",
   "text": "A carve-out for start-up expenses is economically unavoidable in most fair launches because it is not feasible to expect founders operating without funding to keep spending time and resources on the project without payback assurances.",
   "abstract": "As a matter of fact, it may not be feasible to get founders who operate without funding to keep spending time and resources on the project without payback assurances.",
   "citation": "Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908",
   "datePublished": "2022",
   "claim_type": "condition",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "founders operate without outside funding",
    "project cannot raise outside capital in a reasonable timeframe"
   ],
   "source_pdf_sha256": "e0925afde0c42a16cd5310983789fae3eb3d1f121e2954a72afa64191d00fe37",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4015908-019",
   "identifier": "kaal:claim:4015908-019",
   "text": "Because pre-public token allocations to cover start-up costs run against the majority view on fair launches, preserving the spirit of fair launch requires that such allocations be fully transparent, announced to the community, and open to a community audit of the books.",
   "abstract": "However, in order to maintain the spirit of fair launch, such token allocations before the public launch should be fully transparent and announced to the community with a community audit of the books, as desired.",
   "citation": "Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908",
   "datePublished": "2022",
   "claim_type": "design",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "project allocates tokens before the public launch to cover startup costs"
   ],
   "source_pdf_sha256": "e0925afde0c42a16cd5310983789fae3eb3d1f121e2954a72afa64191d00fe37",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4015908-021",
   "identifier": "kaal:claim:4015908-021",
   "text": "Equal opportunity access points for public marketing incentives cannot be guaranteed and require constant reevaluation, so the public marketing permission for any fair token launch should be restricted to a limited percentage of total token supply.",
   "abstract": "These equal opportunity access points cannot be guaranteed and the process is subject to constant reevaluation. The public marketing permission for any fair token launch should be restricted to a limited percentage of total token supply.",
   "citation": "Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908",
   "datePublished": "2022",
   "claim_type": "design",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "fair launch project grants public marketing incentives"
   ],
   "source_pdf_sha256": "e0925afde0c42a16cd5310983789fae3eb3d1f121e2954a72afa64191d00fe37",
   "status": "current"
  }
 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'carve-outs'. Derived node: a roster, not an adjudicated definition."
}