# Return on purchases

`kaal:entity:return-on-purchases`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `return-on-purchases`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 1 works, 2021 to 2021.

**2021**

- [3949098-005](https://wulfkaal.github.io/claims/3949098-005) [design/argued] -- 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.
  > 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.
  Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098
- [3949098-037](https://wulfkaal.github.io/claims/3949098-037) [definitional/asserted] -- 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.
  > 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.
  Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/return-on-purchases.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.