kaal:claim:3949098-024

In a firm commitment reputation staking engagement the DAOIC commits no capital at all except for the portion of the token opportunity that does not sell out to the public.

Source quote, verbatim

In a firm commitment RNFT staking engagement, the DAOIC does not commit any capital at all, except for the portion of the token opportunity that does not sell out to the public.

From

Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021), II. Basic Concept, 4. Decentralized Underwriting, p. 14
https://ssrn.com/abstract=3949098 · source PDF

Cite as

Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098

Holds when

firm commitment underwriting via RNFT staking

Classification

designsupport: argueddefi

Related claims

generalizes kaal:claim:4685567-019 Firm commitment underwriting of impact certificate listings gives the project team and the investing community...

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