kaal:claim:4529715-031

Allocating twenty percent of total token supply to the four person founding team, as Angel Protocol does, means the organization can never become fully decentralized.

Source quote, verbatim

will possess 20% of the total tokens in supply. This concentration of tokens in the individuals who created this DANO, will never fully allow Angel Protocol to become fully decentralized.

From

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023), Appendix, Charity DAOs, Angel Protocol, p. 127
https://ssrn.com/abstract=4529715 · source PDF

Cite as

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

Holds when

founding team holds 20 percent of supply

Classification

failuresupport: evidencedfailure: founder-token-concentrationfamily: plutocratic-capturedaotokenomicsdecentralization

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 2d71961e8c449afbeaf45ca4f53de8a575d45c77d6960b767d3d1d0874f296b5. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/c3144fcfdc222ee9...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/4529715-031.md | sha256sum

Positions extending this scholarly claim

Qualification: In decentralization we trust: 24 years of research on decentralization governance and the future of the research agenda