File Download
There are no files associated with this item.
Supplementary
-
Citations:
- Appears in Collections:
Conference Paper: Tokenized Ownership in Decentralized Autonomous Organizations: Evidence from Steemit
| Title | Tokenized Ownership in Decentralized Autonomous Organizations: Evidence from Steemit |
|---|---|
| Authors | |
| Issue Date | 26-Jun-2023 |
| Abstract | Decentralized autonomous organizations (DAOs) operate on an incentive network powered by crypto tokens, which are attached with payment rights (i.e., transactional tokens) and ownership rights (i.e., governance tokens). Tokenized ownership is a special incentive way that supports automated operations of DAOs. Our study focuses on this new incentive scheme and construct a quasi-experiment setting to empirically test the incentive effects of tokenized ownership. We find that the intended choice of governance tokens leads to higher post length and readability and higher curation quality compared with transactional tokens. This study contributes to the literature of blockchain and cryptocurrency from an operational perspective and provides practical suggestions for the design of incentive mechanisms in DAOs. |
| Persistent Identifier | http://hdl.handle.net/10722/338141 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Fan, Yifan | - |
| dc.contributor.author | Chen, Kun | - |
| dc.contributor.author | Fang, Yulin | - |
| dc.date.accessioned | 2024-03-11T10:26:34Z | - |
| dc.date.available | 2024-03-11T10:26:34Z | - |
| dc.date.issued | 2023-06-26 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/338141 | - |
| dc.description.abstract | <p>Decentralized autonomous organizations (DAOs) operate on an incentive network powered by crypto tokens, which are attached with payment rights (i.e., transactional tokens) and ownership rights (i.e., governance tokens). Tokenized ownership is a special incentive way that supports automated operations of DAOs. Our study focuses on this new incentive scheme and construct a quasi-experiment setting to empirically test the incentive effects of tokenized ownership. We find that the intended choice of governance tokens leads to higher post length and readability and higher curation quality compared with transactional tokens. This study contributes to the literature of blockchain and cryptocurrency from an operational perspective and provides practical suggestions for the design of incentive mechanisms in DAOs.</p> | - |
| dc.language | eng | - |
| dc.relation.ispartof | Pacific Asia Conference on Information Systems - PACIS 2023 (09/07/2023-12/07/2023, Nanchang) | - |
| dc.title | Tokenized Ownership in Decentralized Autonomous Organizations: Evidence from Steemit | - |
| dc.type | Conference_Paper | - |