{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/token-distribution",
 "identifier": "kaal:entity:token-distribution",
 "name": "Token distribution",
 "termCode": "token-distribution",
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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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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4015908-002",
   "identifier": "kaal:claim:4015908-002",
   "text": "A fair launch is a token distribution in which the launched token is held entirely by the community and founders and their affiliates participate only on equal terms as members of that community.",
   "abstract": "In a fair launch the launched token is held entirely by the community and all founders and their affiliates are equally part of the community.",
   "citation": "Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908",
   "datePublished": "2022",
   "claim_type": "definitional",
   "confidence": "asserted",
   "is_failure_mode": false,
   "scope_conditions": [],
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   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4015908-007",
   "identifier": "kaal:claim:4015908-007",
   "text": "Fair token launches offer equal opportunity for market participants to acquire tokens over longer periods of time at a comparatively equal price.",
   "abstract": "fair token launches offer equal opportunity for market participants to acquire tokens over longer periods of time at a comparatively equal price.",
   "citation": "Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908",
   "datePublished": "2022",
   "claim_type": "condition",
   "confidence": "argued",
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    "token launch claiming the fair launch label"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4015908-008",
   "identifier": "kaal:claim:4015908-008",
   "text": "Price equality in a fair launch means that no insider group or person can purchase the token at a significant discount.",
   "abstract": "Additionally, price equality in fair launch means that no insider group or person can purchase the token at a significant discount.",
   "citation": "Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908",
   "datePublished": "2022",
   "claim_type": "condition",
   "confidence": "argued",
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4015908-015",
   "identifier": "kaal:claim:4015908-015",
   "text": "The rule that no tokens may be distributed to insiders such as team, founders, associated whales, core investors, advisors, and marketing teams before or after the token sale is the most important staple of fair launch doctrine and cannot be subject to exceptions; any exception should cost the project the fair token launch designation.",
   "abstract": "This rule is perhaps the most important key staple of the fair launch doctrine and cannot be subject to exceptions. Any exceptions to this rule should result in the loss of the designation fair token launch.",
   "citation": "Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908",
   "datePublished": "2022",
   "claim_type": "normative",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "projects claiming the fair token launch designation"
   ],
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   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4529715-031",
   "identifier": "kaal:claim:4529715-031",
   "text": "Allocating twenty percent of total token supply to the four person founding team, as Angel Protocol does, means the organization can never become fully decentralized.",
   "abstract": "will possess 20% of the total tokens in supply. This concentration of tokens in the individuals who created this DANO, will never fully allow Angel Protocol to become fully decentralized.",
   "citation": "Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715",
   "datePublished": "2023",
   "claim_type": "failure",
   "confidence": "evidenced",
   "is_failure_mode": true,
   "scope_conditions": [
    "founding team holds 20 percent of supply"
   ],
   "source_pdf_sha256": "2d71961e8c449afbeaf45ca4f53de8a575d45c77d6960b767d3d1d0874f296b5",
   "status": "current"
  }
 ],
 "description": "5 claims in the published works of Wulf A. Kaal carry the concept tag 'token-distribution'. Derived node: a roster, not an adjudicated definition."
}