kaal:claim:4529715-036

Requiring governance tokens to be earned through contribution rather than purchased, as GDN DAO does, leaves only minimal risk of 51 percent and sock puppet attacks even under a one token one vote structure.

While the voting structure of the DAO is a 1 token = 1 vote, tokens are not available for purchase. All governance tokens must be earned through contributions to the community.

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023), Appendix, Media DAOs, GDN DAO, p. 146
https://ssrn.com/abstract=4529715 · source PDF

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

• one token one vote with non purchasable tokens

mechanismsupport: evidenceddaogovernance-designtokenomicsconsensus-and-security

• supported_by kaal:claim:5254152-027 Requiring users to purchase governance tokens in order to vote both centralizes power in majority token holder...
• restated_by kaal:claim:5254152-038 Reliance on fungible, publicly tradable governance tokens undermines a protocol's resilience by exposing it to...
• extended_by kaal:claim:5254152-013 Low attack resistance in DAOs is typically caused by the use of easily purchasable or transferable governance ...

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