# kaal:position:2026-07-31-5787

**Affirmed position.** Signals for Governance Token Performance: Role of DAOs’ Governance Token Design and Distribution presents the following source proposition: DAOs give out governance tokens to jointly (with their token holders) shape the DAO’s course. This proposition is pertinent to Kaal's source-bound claim that In a DAO, blockchain-based smart contracts granting token holders voting rights perform the function that articles of association or bylaws perform in a conventional corporation. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.

**Status.** affirmed  **Published.** 2026-07-31

**Holds when.**

- The response is limited to the retrieved source proposition and mapped Kaal claim unless fuller source review supports a broader conclusion.
- External evidence level: abstract indexed.
- Mapping review tier: moderate-confidence claim review.
- Primary mapping confidence: 0.4061.
- The source-to-claim mapping remains explicitly ambiguous and is published with that limitation.

**Current debate.** Signals for Governance Token Performance: Role of DAOs’ Governance Token Design and Distribution: https://doi.org/10.5465/amproc.2023.14886abstract

**Extends.** kaal:claim:3227933-032: https://wulfkaal.github.io/claims/3227933-032

**Scholarly basis.** Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933

**Source PDF sha256.** `a9e9660c4dc25a2202f1da4e762f5885256e05f68c53ca51942f5833a7a4c108`

**Evidence level.** abstract indexed

**Mapping review tier.** moderate-confidence claim review

**Mapping confidence.** 0.4061  **Mapping ambiguous.** true

**Topics.** dao, smart-contracts, governance-design, historical-response, scholarly-literature, openalex

**Provenance.** Affirmed in kaal-review:2026-07-31:streaming-etl-0002 at https://kaal-signal-desk.wulf577462.chatgpt.site/#review.

**Record type.** This is a dated commentary position that extends a scholarly corpus claim. It is not a verbatim claim extracted from the paper.

**Canonical form.** This markdown file is the canonical hashed representation of the position.