# Token price

`kaal:entity:token-price`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `token-price`. 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 2 works, 2017 to 2018.

**2017**

- [3067615-009](https://wulfkaal.github.io/claims/3067615-009) [mechanism/argued] -- An issuer can pre-define monetary policy in crypto economics by fixing the number of tokens created and issued, and a maximum token issuance combined with controlled token supply releases can make small increases in demand drive token prices higher.
  > A maximum token issuance in combination with controlled token supply releases can result in small increases in demand driving token prices higher.
  Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615

**2018**

- [3249860-013](https://wulfkaal.github.io/claims/3249860-013) [failure/asserted] *(failure mode)* -- Combining quasi-fiscal policy, increasing benefits attached to tokens, with monetary policy, increasing supply in circulation, may or may not have an effect on the market price of the tokens.
  > The combined effect of quasi-fiscal policy (increasing benefits associated with the tokens) and monetary policy (increasing the token supply in circulation) may or may not have an effect on the market price of the respective tokens.
  Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860
- [3249860-029](https://wulfkaal.github.io/claims/3249860-029) [mechanism/asserted] -- Under a deflationary token model, prices are expected to increase because of the fundamental scarcity of token supply.
  > With a deflationary method, prices are expected to increase due to fundamental scarcity of token supply.
  Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860

## 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/token-price.md | sha256sum

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