Collab.Land, a user management platform for the NFT community, has announced plans to distribute a governance token called “COLLAB” to over 2 million users via airdrop. The platform can be integrated into communication tools such as Discord and Telegram, and is widely used by NFT projects for the operation of decentralized autonomous organizations (DAOs). The platform allows user permissions to be managed using a “token gating” approach, granting access to exclusive channels based on NFT or cryptocurrency holdings.
Collab.Land allocation $ cooperation Governance token for over 2 million users in AirDrop @azcoinnews @Collab_Land_ https://t.co/Ek1bbqXg1Z
— AZCoin News (@azcoinnews) February 17, 2023
At the time of writing, more than 43,000 tokenized communities (DAOs) are using Collab.Land, and there are more than 8 million wallets connected to the platform. Collab.Land supports 23 blockchains, including Ethereum, Optimism, Arbitrum, Flow, Polygon, and Solana, enabling token holders to efficiently propose and vote governance in DAOs.
Source: Collab.Land
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Of the total COLLAB token supply, 25% is allocated for airdrops, and verified members, top 100 community members, and related NFT holders are eligible to claim tokens. The top 100 communities will receive 15% of the total supply and consider tokens for use in their respective DAOs. Notable NFT series on the list include Parallel, Axie Infinity, NBA Top Shot, Aavegotchi, World of Women, Adidas, Pudgy Penguins, Doodles, and BanklessDAO.
The token claim period is from February 23 to May 23, 2023. COLLAB will be used to vote on proposals for Collab.Land governance as well as platform development and operations. Additionally, the token will be used in the review process of applications submitted to the marketplace portal as a Web3 application platform.
James Young, CEO of Abridged, the company behind Collab.Land, said the token distribution is just the beginning and the platform is moving towards a positive future where developers, developers and developers, creators and members can share value The network they are building.
As the cryptocurrency market is gradually rewarding, the use of Collab.Land is also increasing. The platform recorded the highest number of bot installs in February, indicating a bullish market trend. With the increasing popularity of layer 2 blockchain technology, Collab.Land aims to contribute to the widespread adoption of Optimism through the protocol’s retrospective distribution model.
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