{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/token-value",
 "identifier": "kaal:entity:token-value",
 "name": "Token value",
 "termCode": "token-value",
 "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/token-value.md",
 "sha256": "3d357a713643712237ee00fe7bbb0d68372a558e7b5491bccd07ad664bb951c8",
 "additionalProperty": [
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   "@type": "PropertyValue",
   "name": "status",
   "value": "derived"
  },
  {
   "@type": "PropertyValue",
   "name": "claim_count",
   "value": 3
  },
  {
   "@type": "PropertyValue",
   "name": "work_count",
   "value": 3
  },
  {
   "@type": "PropertyValue",
   "name": "year_span",
   "value": [
    "2018",
    "2021"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "non_current_claims",
   "value": 0
  }
 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3125822-026",
   "identifier": "kaal:claim:3125822-026",
   "text": "The token economy is inflationary at equilibrium, and this inflation is a feature rather than a defect because it improves security and discourages rent seeking holding of reputation.",
   "abstract": "The conclusion is that the economy is inflationary at equilibrium, which improves its security and discourages rent-seeking.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018). SSRN: https://ssrn.com/abstract=3125822",
   "datePublished": "2018",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "assumes fees keep entering the system and new tokens are minted with each fee"
   ],
   "source_pdf_sha256": "d4d0bbaa3260968226186131d60e6d64a53e904d94e4295c61fd17042f1191ef",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3128900-029",
   "identifier": "kaal:claim:3128900-029",
   "text": "Sharing all work fees with the expertise creates a positive feedback loop: the more fees flow to the platform, the more reputation is worth, and the more workers prefer reputation tokens to one time fees.",
   "abstract": "Choosing to enforce a protocol where all fees are shared with the expertise creates a successful positive feedback loop: The more fees are sent to the platform, the more the reputation is worth; which means the reputation tokens will be more desirable to workers than one-time fees.",
   "citation": "Wulf A. Kaal, Decentralized Mechanical Turk Through Verified Reputation (2018). SSRN: https://ssrn.com/abstract=3128900",
   "datePublished": "2018",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "protocol enforces that users seeking validation send all work fees to the platform"
   ],
   "source_pdf_sha256": "381d72e85d976e2af852e8ec3bba87bc6a05ccb3349a2c3dd6f9e64de96ab4b0",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782210-017",
   "identifier": "kaal:claim:3782210-017",
   "text": "All fees should be shared with the entire network of reputation holders in proportion to their holdings, because this reputational salary is what makes reputation tokens valuable and future-oriented.",
   "abstract": "All fees should be shared with the entire net- work of reputation holders relative to their holdings. This is the key to making reputa- tion tokens valuable and future-oriented.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782210",
   "datePublished": "2021",
   "claim_type": "design",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "profit-generating DAOs with reputation tokens"
   ],
   "source_pdf_sha256": "9cc531ab239f6266c8aeddcc8e54f4c06029c44e825444bee137bbcc0c9d0a8e",
   "status": "current"
  }
 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'token-value'. Derived node: a roster, not an adjudicated definition."
}