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Give a Real-World Example of Broad Vertical Commonality in a Crypto Project.

A real-world example of broad vertical commonality in a crypto project would be a managed crypto hedge fund that sells tokens representing a stake in the fund's performance. The investors' profits are directly tied to the managerial and entrepreneurial efforts of the fund's promoters, but not necessarily to the fortunes of other investors.

If the fund manager performs well, all investors profit, and if the manager fails, all investors lose, satisfying the one-to-one relationship between the promoter's efforts and the investors' success.

How Can a Portfolio Manager Use Derivatives to Hedge against the Risk of Token Governance Changes?
Which Type of Commonality (Horizontal or Vertical) Is More Commonly Accepted by US Courts?
How Does a Portfolio Manager Decide the Optimal Amount of CDS Protection to Buy for Hedging?
How Does the Token Price Appreciation Relate to Common Enterprise?