# kaal:claim:4067783-012

**Claim.** The absence of proper decentralized governance built on non-fungible tokens is a key common denominator across DAO failures and rug pulls.

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

**Source quote.**

> The lack of proper decentralized governance with non-fungible tokens is a key common denominator among DAO failures and rug pulls.

**From.** Wulf A. Kaal, *DAO Fallacies* (2022), II.2.b) External Takeovers, page 7

**Cite as.** Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783

**Verify.** sha256 of source PDF `48f1e307cdbbe28c7843f7744d0ba8cf01662f257a53f2066a7a6c7e03a5acec` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20DAO%20Fallacies.pdf

**Failure mode.** Fungible token governance as common failure denominator  (family: token-transferability-defect)

**Topics.** tokenomics, decentralization, governance-design

**Keywords.** non-fungible-tokens, decentralized-governance, failure, rug-pull

**Related claims.**

- supports: https://wulfkaal.github.io/claims/4015908-024
- extends: https://wulfkaal.github.io/claims/4015908-025

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