# kaal:claim:4015908-023

**Claim.** If the DAO governing a fair launch is controlled by a handful of people in a foundation setting, decentralized governance metrics are less likely to take hold and the public is correspondingly less likely to benefit from decentralized community governance over the launch.

**Type.** failure  **Support.** argued

**Holds when.**

- DAO controlled by a small group in a foundation setting

**Source quote.**

> controlled by a handful of people in a foundation setting, it is less likely that decentralized governance metrics take hold in the DAO. Accordingly, it is less likely that the public can benefit from the decentralized community governance over the fair launch.

**From.** Wulf A. Kaal, *Fair Token Launch* (2022), III.2.d(1) Level of Decentralization, page 12

**Cite as.** Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908

**Verify.** sha256 of source PDF `e0925afde0c42a16cd5310983789fae3eb3d1f121e2954a72afa64191d00fe37` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20Fair%20Token%20Launch.pdf

**Failure mode.** Foundation controlled DAO  (family: recentralization-drift)

**Topics.** dao, decentralization, governance-design, regulatory-failure

**Keywords.** dao, foundation-model, decentralization, governance-capture, fair-launch

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