kaal:claim:5583610-004

LER produces shareholder loyalty by using smart contracts to distribute consumptive utilities such as merchant vouchers or platform credits, so retention is encouraged without imposing any lock-up on the shareholder's liquidity.

Source quote, verbatim

LER employs smart contracts to distribute consumptive utilities, such as merchant vouchers or platform credits, fostering shareholder loyalty without imposing liquidity constraints.

From

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025), 1. Introduction, p. 3
https://ssrn.com/abstract=5583610 · source PDF

Cite as

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025). SSRN: https://ssrn.com/abstract=5583610

Holds when

rewards are consumptive utilities, not cash or tradable instruments

Classification

mechanismsupport: arguedsmart-contractsrisk-and-incentivescorporate-governancedefi

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