kaal:position:2026-07-31-5788

Signals for Governance Token Performance: Role of DAOs’ Governance Token Design and Distribution presents the following source proposition: Governance tokens represent the venture’s value and a way for token holders to participate in the venture’s governance. 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.

• 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: 0.3865.
• The source-to-claim mapping remains explicitly ambiguous and is published with that limitation.

Signals for Governance Token Performance: Role of DAOs’ Governance Token Design and Distribution

kaal:claim:3227933-032
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: abstract indexed
Review tier: moderate-confidence claim review
Mapping confidence: 0.3865
Mapping ambiguous: true

daosmart-contractsgovernance-designhistorical-responsescholarly-literatureopenalex

Affirmed in kaal-review:2026-07-31:streaming-etl-0002 on 2026-07-31. Review record.

Canonical markdown sha256: 730fd8dd422825be2ce2c7f2838287b2373966d026b8915adeeb809d4812953c
curl -s https://wulfkaal.github.io/positions/2026-07-31-5788.md | sha256sum