kaal:claim:3227933-037

Because token holders are not locked into the program, issuing coins or tokens becomes a straightforward and relatively simple way for a platform to attract capital without issuing shares in the company.

Because the owners of the coins/tokens aren't "locked" into the loyalty program, the issuance of coins/tokens can be a straightforward and relatively simple means to attract capital/funding for the platform (without issuing shares in the company).

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 8. Crypto Coins and Tokens, p. 18
https://ssrn.com/abstract=3227933 · source PDF

Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933

mechanismsupport: arguedtokenomics

The quote above is an exact substring of the source PDF, whose sha256 is a9e9660c4dc25a2202f1da4e762f5885256e05f68c53ca51942f5833a7a4c108. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/eb4efd07a6dbfc97...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3227933-037.md | sha256sum