# kaal:claim:3071378-035

**Claim.** Because the total supply of DAO tokens is pre-determined in code, dilution by central administrators such as government officials or self-interested or biased executives is impossible.

**Type.** mechanism  **Support.** argued

**Holds when.**

- DAOs with a fixed token supply fixed in open source code

**Source quote.**

> because the total supply of tokens is pre-determined in the DAO code, dilution by central administrators such as government officials or self- interested or biased executives/supervisors/CEOs is impossible, which further illustrates the power of blockchain structures such as the DAO.

**From.** Wulf A. Kaal, *Blockchain Technology and Race in Corporate America* (2017), IV.2 DAOs as Equalizing Organizations, page 24

**Cite as.** Wulf A. Kaal, Blockchain Technology and Race in Corporate America (2017). SSRN: https://ssrn.com/abstract=3071378

**Verify.** sha256 of source PDF `125f01674d13b6bb0310c4be7a20ff538dccbc36ecf352770b3c580028387edd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Technology%20and%20Race%20in%20Corporate%20America.pdf

**Topics.** tokenomics, dao

**Keywords.** token-supply, dilution, code-constraint, dao, compensation

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