{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/median-pricing",
 "identifier": "kaal:entity:median-pricing",
 "name": "Median pricing",
 "termCode": "median-pricing",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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   "value": [
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4015908-037",
   "identifier": "kaal:claim:4015908-037",
   "text": "In a lottery fair launch protocol, a user who bids low for a ticket increases the potential secondary market return but decreases the chance of winning the lottery, because more users can afford to participate at a low price.",
   "abstract": "user bids low, they increase the potential for secondary market return but decrease their chances of winning the lottery since more users can afford to participate.",
   "citation": "Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908",
   "datePublished": "2022",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "lottery based fair launch protocol",
    "price determined by community bids"
   ],
   "source_pdf_sha256": "e0925afde0c42a16cd5310983789fae3eb3d1f121e2954a72afa64191d00fe37",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4015908-042",
   "identifier": "kaal:claim:4015908-042",
   "text": "In lottery fair launch protocols the ticket price is determined as the median of all tickets purchased, and users then decide whether to accept that price, paying the difference if it exceeds their bid or withdrawing for a refund.",
   "abstract": "price of a ticket is determined as the median of all tickets purchased – users then decide whether they accept the price.",
   "citation": "Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908",
   "datePublished": "2022",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "lottery based fair launch protocol"
   ],
   "source_pdf_sha256": "e0925afde0c42a16cd5310983789fae3eb3d1f121e2954a72afa64191d00fe37",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'median-pricing'. Derived node: a roster, not an adjudicated definition."
}