# kaal:claim:4529715-020

**Claim.** Fungible governance tokens expose a DAO to vote buying and other forms of manipulation.

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

**Holds when.**

- fungible token based governance

**Source quote.**

> However, fungible governance tokens also have some limitations and challenges, such as the potential for vote buying or other forms of manipulation.

**From.** Wulf A. Kaal, Josh Bykowski, *Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis* (2023), DAO Governance Standards, page 14

**Cite as.** Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715

**Verify.** sha256 of source PDF `2d71961e8c449afbeaf45ca4f53de8a575d45c77d6960b767d3d1d0874f296b5` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Bykowski%20-%202023%20-%20Decentralized%20Autonomous%20Organizations%20%28DAO%29%20%E2%80%93%20A%20Market%20Meta%20Analysis.pdf

**Failure mode.** vote-buying  (family: token-transferability-defect)

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

**Keywords.** dao, fungible-tokens, vote-buying, governance-tokens

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/5254152-003
- restates: https://wulfkaal.github.io/claims/4015908-024

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