# Carve outs

`kaal:entity:carve-outs`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `carve-outs`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 1 works, 2022 to 2022.

**2022**

- [4015908-018](https://wulfkaal.github.io/claims/4015908-018) [condition/argued] -- 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.
  > 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.
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908
- [4015908-019](https://wulfkaal.github.io/claims/4015908-019) [design/argued] -- 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.
  > 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.
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908
- [4015908-021](https://wulfkaal.github.io/claims/4015908-021) [design/argued] *(failure mode)* -- 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.
  > 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.
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/carve-outs.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.