{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/return-on-purchases",
 "identifier": "kaal:entity:return-on-purchases",
 "name": "Return on purchases",
 "termCode": "return-on-purchases",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/return-on-purchases.md",
 "sha256": "839c52a86c01d82896b818bcbe634374e77de0f8143ae5d9eafc3fdb88fb9963",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "status",
   "value": "derived"
  },
  {
   "@type": "PropertyValue",
   "name": "claim_count",
   "value": 2
  },
  {
   "@type": "PropertyValue",
   "name": "work_count",
   "value": 1
  },
  {
   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2021",
    "2021"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "non_current_claims",
   "value": 0
  }
 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3949098-005",
   "identifier": "kaal:claim:3949098-005",
   "text": "In the proposed DAO investment club, members substitute reputation non fungible token staking for capital commitments on incoming deals, the public market supplies the funding for approved deals, and members are compensated through 20 percent of the public return on purchases minted into a fungible reputation token.",
   "abstract": "Instead of capital commitments, DAOIC members stake RNFTs on newly proposed incoming deals. The public market funds the DAOIC approved deals and the DAOIC members get paid via the 20% public ROP minting to fungible reputation token.",
   "citation": "Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098",
   "datePublished": "2021",
   "claim_type": "design",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "DAOIC operating model",
    "a public market willing to co purchase approved deals"
   ],
   "source_pdf_sha256": "04297905564a6092b2db7640561f58fd374d3114c79527357bad09d11b909819",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3949098-037",
   "identifier": "kaal:claim:3949098-037",
   "text": "Kaal characterizes the 20 percent of public return on purchases as an access to information fee, paid to the DAOIC in exchange for the ability to learn which deals DAOIC members upvoted through reputation staking.",
   "abstract": "In other words, the 20% of ROP coming from the public is paid as a fee to the DAOIC in exchange for the ability to find out about the DAOIC deals that are upvoted via RNFT staking by DAOIC members.",
   "citation": "Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098",
   "datePublished": "2021",
   "claim_type": "definitional",
   "confidence": "asserted",
   "is_failure_mode": false,
   "scope_conditions": [
    "the pooled portion of public returns minted into fungible reputation tokens"
   ],
   "source_pdf_sha256": "04297905564a6092b2db7640561f58fd374d3114c79527357bad09d11b909819",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'return-on-purchases'. Derived node: a roster, not an adjudicated definition."
}