Collab.Land Reveals Token Airdrop to Over 2 Million Users
by James · February 16, 2023
Popular crypto community management tool Collab.Land announced Thursday that it will roll out its own governance token, which will be sent to more than 2 million eligible users across communities using the tool.
The plugin is used to provide token-based access to more than 43,000 Web3 communities, allowing users to tap into exclusive chats and content in an automated manner across Discord servers and Telegram chat rooms.
Eligible users include verified Collab.Land members and owners of the project’s own NFTs. Furthermore, Collab.Land will extend airdrops to the top 100 communities using the tool, including NFT projects such as World of Women, Doodles, Axie Infinity and clothing brand Adidas.
“We are working towards creating a positive-sum future where developers, creators and members share the value of the network they build together,” said James Young, CEO of Collab.Land creator Abridged, in a release.
Overall, the airdrop will represent 25% of the token supply. No timeline has been announced for the token distribution as of this writing. The project claims that the upcoming airdrop is the largest ever in the history of the crypto community.
Collab.Land has established itself as a tool widely used by DAOs, or decentralized autonomous organizations – online communities with a flat governance structure that are organized through automated smart contracts and often use tokens to represent membership.
For example, the plugin can be used to determine which blockchain a DAO’s tokens will exist on, such as Ethereum or Flow, manage the distribution of governance tokens that allow community members to vote on new proposals, and determine which people can access content based on the digital assets they own.
These instructions are fed to a chatbot on Telegram or Discord, making the process of managing online communities more simplified than if done manually. It is currently used on 23 different networks in over 43,000 communities, the company says. Collab.Land calls itself the creator of the “token-gating” concept.
Collab.Land has been connected to around 8 million digital wallets, according to the company. The Collab.Land token will also allow project developers to apply to an upcoming marketplace that the company is launching.
The governance token and upcoming DAO for Collab.Land will launch on Optimism, a scaling solution for Ethereum that reduces fees and transaction time by aggregating large volumes of transactions.
