# Promoters

`kaal:entity:promoters`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `promoters`. 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

2 claims across 1 works, 2018 to 2018.

**2018**

- [3117224-002](https://wulfkaal.github.io/claims/3117224-002) [mechanism/argued] -- Unlike other means of capital formation, ICOs allow promoters to raise funds without sacrificing equity, so proceeds can be used exclusively for product development.
  > Unlike other means of capital formation, ICO's allow promoters to avoid sacrificing equity for financing. Instead, ICO promoters can use the proceeds of the ICO exclusively for product development.
  Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224
- [3117224-008](https://wulfkaal.github.io/claims/3117224-008) [failure/asserted] *(failure mode)* -- ICO promoters can alter the smart contract to change the sales rules mid-course during the ICO.
  > Promoters can also change the smart contract to change ICO sales rules mid-course during the ICO.
  Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224

## 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/promoters.md | sha256sum

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