kaal:claim:5254152-027

Requiring users to purchase governance tokens in order to vote both centralizes power in majority token holders and leaves the DAO highly vulnerable to 51 percent and sock puppet attacks, as illustrated by Gelato DAO which scored 1 on both decentralization and attack resistance.

It is highly centralized as users must purchase governance tokens to vote, limiting power to majority token holders (D: 1). The platform is highly vulnerable to 51% and sock puppet attacks due to the purchasable governance tokens (A: 1).

Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024), APPENDIX A: DAO Dataset, Gelato DAO, p. 34
https://ssrn.com/abstract=5254152 · source PDF

Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024). SSRN: https://ssrn.com/abstract=5254152

• DAOs where voting requires purchasing fungible governance tokens

failuresupport: evidencedfailure: pay to vote centralization and attack exposurefamily: plutocratic-capturegovernance-designtokenomicsconsensus-and-securitydecentralizationdao

• supports kaal:claim:4529715-036 Requiring governance tokens to be earned through contribution rather than purchased, as GDN DAO does, leaves o...
• restates kaal:claim:4529715-037 A DAO built on reputation rather than a fungible token, as CRDAO is, makes the 51 percent attack nearly imposs...
• extends kaal:claim:4529715-030 VitaDAO's one token one vote structure leaves it susceptible to the 51 percent or whale attack, a vulnerabilit...

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