# kaal:claim:3949098-037

**Claim.** Kaal characterizes the 20 percent of public return on purchases as an access to information fee, paid to the DAOIC in exchange for the ability to learn which deals DAOIC members upvoted through reputation staking.

**Type.** definitional  **Support.** asserted

**Holds when.**

- the pooled portion of public returns minted into fungible reputation tokens

**Source quote.**

> In other words, the 20% of ROP coming from the public is paid as a fee to the DAOIC in exchange for the ability to find out about the DAOIC deals that are upvoted via RNFT staking by DAOIC members.

**From.** Wulf A. Kaal, *Reputation as Capital – How DAOs Upgrade Finance* (2021), IV. Policy Considerations, 4. Decentralized Coordination, page 31

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

**Verify.** sha256 of source PDF `04297905564a6092b2db7640561f58fd374d3114c79527357bad09d11b909819` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Reputation%20as%20Capital%20%E2%80%93%20How%20DAOs%20Upgrade%20Finance.pdf

**Topics.** reputation, tokenomics

**Keywords.** information-fee, return-on-purchases, fungible-reputation-token, pooling, daoic

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/3962614-040

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.