{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/positions/2026-07-31-7113",
 "identifier": "kaal:position:2026-07-31-7113",
 "additionalType": "https://wulfkaal.github.io/positions/schema.json#AffirmedPositionClaim",
 "name": "Streaming Initial Coin Offerings Versus Equity Financing Strategies Under Cournot  4C0E572360",
 "text": "Initial Coin Offerings Versus Equity Financing Strategies Under Cournot Competition presents the following source proposition: However, the performance of ICOs under competitive product market conditions remains underexplored. This proposition is pertinent to Kaal's source-bound claim that Unlike other means of capital formation, ICOs allow promoters to raise funds without sacrificing equity, so proceeds can be used exclusively for product development. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "datePublished": "2026-07-31",
 "dateModified": "2026-07-31",
 "creativeWorkStatus": "Affirmed",
 "responseType": "extension",
 "keywords": [
  "securities-law",
  "tokenomics",
  "historical-response",
  "scholarly-literature",
  "semantic-scholar"
 ],
 "scope_conditions": [
  "The response is limited to the retrieved source proposition and mapped Kaal claim unless fuller source review supports a broader conclusion.",
  "External evidence level: abstract indexed.",
  "Mapping review tier: moderate-confidence claim review.",
  "Primary mapping confidence: 0.3942.",
  "The source-to-claim mapping remains explicitly ambiguous and is published with that limitation."
 ],
 "currentDebate": {
  "name": "Initial Coin Offerings Versus Equity Financing Strategies Under Cournot Competition",
  "url": "https://www.semanticscholar.org/paper/d56ae89b77e8b5cc2517c974137f8e38553c94d6"
 },
 "extends": {
  "identifier": "kaal:claim:3117224-002",
  "url": "https://wulfkaal.github.io/claims/3117224-002",
  "citation": "Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224",
  "paper": "Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses",
  "authors": [
   "Wulf A. Kaal"
  ],
  "year": "2018",
  "ssrn": "https://ssrn.com/abstract=3117224",
  "source_pdf_sha256": "83e9ccb9219a217d9fcfc5c098b897229ee7cf85623bee3ae22d2e986548466b"
 },
 "isBasedOn": [
  {
   "@id": "https://wulfkaal.github.io/claims/3117224-002"
  },
  {
   "@type": "CreativeWork",
   "name": "Initial Coin Offerings Versus Equity Financing Strategies Under Cournot Competition",
   "url": "https://www.semanticscholar.org/paper/d56ae89b77e8b5cc2517c974137f8e38553c94d6"
  }
 ],
 "batch_id": "kaal-review:2026-07-31:streaming-etl-0007",
 "review_provenance": "https://kaal-signal-desk.wulf577462.chatgpt.site/#review",
 "publicationStatus": "public",
 "recordTypeNote": "Dated commentary position extending a scholarly corpus claim. Not a verbatim claim extracted from the paper.",
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/positions/index.json"
 },
 "version": "1.0",
 "canonical_url": "https://wulfkaal.github.io/positions/2026-07-31-7113",
 "canonicalForm": "https://wulfkaal.github.io/positions/2026-07-31-7113.md",
 "candidateId": "kaal:response-draft:2026-07-31:2629b4d8b690ae615bac",
 "evidenceLevel": "abstract indexed",
 "reviewTier": "moderate-confidence claim review",
 "mappingConfidence": 0.3942,
 "mappingAmbiguous": true,
 "mappingMethod": "idf-weighted multi-field mapping v1",
 "mappingWhyRelevant": "Shared high-information concepts: initial, coin, offerings, equity, financing, icos, product. Scope: review source claim scope.",
 "sourceProvenance": {
  "source": "semantic-scholar",
  "sourceRecordId": "d56ae89b77e8b5cc2517c974137f8e38553c94d6",
  "queryId": "concept:b78ed75f4a0b",
  "queryText": "decentralization governance",
  "canonicalUrl": "https://www.semanticscholar.org/paper/d56ae89b77e8b5cc2517c974137f8e38553c94d6",
  "doi": "10.1109/tem.2026.3658843",
  "externalIds": {
   "DBLP": "journals/tem/ChenGZ26",
   "DOI": "10.1109/TEM.2026.3658843",
   "CorpusId": 285156605,
   "SemanticScholar": "d56ae89b77e8b5cc2517c974137f8e38553c94d6"
  },
  "retrievedAt": "2026-07-31T13:59:07.126Z",
  "providerPage": 2,
  "rawObservationSha256": "53c07c185537687032c9de98c283b18e49a6d66d1858c17277a61eb63c45e7a3",
  "inputSnapshotSha256": "96a846999aefd65306457ebd7971f1abef182a04b39a927618f8460274d795ab",
  "inputLine": 12097,
  "chunkId": "semantic-scholar-00004",
  "workId": "work:doi:10.1109/tem.2026.3658843",
  "workAuthors": [
   "Zhiyuan Chen",
   "Qiaoyu Gong",
   "Jianhong Zhou"
  ],
  "workPublishedAt": "2026-01-01",
  "identityKeys": [
   "doi:10.1109/tem.2026.3658843",
   "semantic-scholar:d56ae89b77e8b5cc2517c974137f8e38553c94d6",
   "url:https://www.semanticscholar.org/paper/d56ae89b77e8b5cc2517c974137f8e38553c94d6",
   "title:51cc562ff1a58909ed752ac4",
   "proposition:84aa60b213ece66258111463b7779a49aa5ff7a1fd2c55a7bd675a05c9d42e55"
  ],
  "sourceProposition": "However, the performance of ICOs under competitive product market conditions remains underexplored.",
  "sourcePropositionSha256": "0ece3f4148db6b8c30f498eb43855f5649c025039ae57f62d36954417cd57d70",
  "sourcePropositionIndex": 1,
  "claimMappings": [
   {
    "claimId": "kaal:claim:3117224-002",
    "claimUrl": "https://wulfkaal.github.io/claims/3117224-002",
    "rank": 1,
    "confidence": 0.3942,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: initial, coin, offerings, equity, financing, icos, product. Scope: review source claim scope.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:3067615-014",
    "claimUrl": "https://wulfkaal.github.io/claims/3067615-014",
    "rank": 2,
    "confidence": 0.3614,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: initial, coin, offerings, versus, financing, icos. Scope: second quarter of 2017; crypto and blockchain start-up financing.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:3067615-033",
    "claimUrl": "https://wulfkaal.github.io/claims/3067615-033",
    "rank": 3,
    "confidence": 0.3123,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: initial, coin, offerings, icos, product, market. Scope: ICO market in 2017.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:3606663-002",
    "claimUrl": "https://wulfkaal.github.io/claims/3606663-002",
    "rank": 4,
    "confidence": 0.312,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: initial, coin, offerings, equity, icos, market. Scope: digital asset and blockchain startups; 2016 to early 2020s.",
    "ambiguous": true
   },
   {
    "claimId": "kaal:claim:3067615-001",
    "claimUrl": "https://wulfkaal.github.io/claims/3067615-001",
    "rank": 5,
    "confidence": 0.2979,
    "method": "idf-weighted multi-field mapping v1",
    "whyRelevant": "Shared high-information concepts: initial, coin, offerings, financing, icos. Scope: ICO market as of November 2017.",
    "ambiguous": true
   }
  ]
 },
 "userAffirmation": "I affirm batch kaal-review:2026-07-31:streaming-etl-0007, SHA-256 bf2213ee9446b647b40daf2de1dd804cd8b36c263bf153c654dd31f4a135b831, as written and authorize publication of all 154 response claims on my canonical property, preserving their evidence levels, ambiguity labels, provenance, and the unchanged 5,033 scholarly claims.",
 "sha256": "33b061b6570aa3bb89d21c39a53dc3ed552d3d25a5789fc1b352a0b9152c450c"
}
