kaal:claim:5583610-028

Soulbound tokens are load bearing for the design: because they are non-transferable and bound to a specific individual, the reward can only motivate cooperation and cannot be resold for speculative gain.

Source quote, verbatim

Much like a personalized membership card that cannot be sold or given away, SBTs ensure the rewards focus on encouraging cooperation rather than speculative gain.

From

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025), 6.2. Co-Opting Activists Through Utility Rewards, p. 24
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

on-chain tier of the LER architecture

Classification

designsupport: arguedtokenomics

Related claims

restates kaal:claim:5454054-021 Making LER rewards utility-only and non-transferable, in the manner of soulbound tokens, is what keeps them fu...
extended_by kaal:claim:6244278-009 Non-transferability of reputation is essential because, in Akerlof's lemons terms, a transferable reputation m...

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