Common Foundation Announces Retroactive COMMON Distribution To Reward Early Contributors

Non-profit group devoted to supporting and increasing the Common Protocol Ecosystem, Common Foundation introduced plans to conduct a retroactive token distribution of COMMON tokens to reward customers. 

This distribution is meant to acknowledge early contributors who helped form the protocol, governance buildings, and group tradition, in addition to to acknowledge the engagement of Lamumu holders, Aura contributors, and rising communities constructing on the platform.

The preliminary retrodrop consists of 150 million COMMON tokens, representing 1.5% of the whole provide, divided amongst Genesis NFT holders, Aura contributors, and customers with historic contributions. Each eligible account is assigned a Trust Level, which acts as a multiplier on allocations from the Aura and Historical Contribution swimming pools, reflecting each previous contributions and up to date engagement. 

Trust Levels vary from 0 for unverified accounts to five for absolutely verified customers who’ve accomplished all verification steps, guaranteeing that allocations reward dependable and lively contributors whereas mitigating potential sybil assaults.

The retrodrop is guided by rules together with time-weighted rewards for early risk-takers, anti-sybil measures by multi-layer verification, quality-based content material scoring, and reputation-weighted allocations. 

Founding contributors’ allocations are topic to a one-year cliff and four-year vesting schedule, emphasizing long-term dedication over short-term hypothesis. This distribution acknowledges the contributions of early supporters, reinforces group belief, and aligns incentives for continued engagement and development inside the Common ecosystem.

Common Announces Upcoming COMMON Token Claims With Two-Phase Distribution And EVM Wallet Registration

Instructions for claiming COMMON tokens will likely be obtainable quickly on Common. Users might want to register an EVM-compatible pockets at frequent.xyz/pockets as soon as the token goes reside on Base. Genesis NFT holders who haven’t but joined Common can declare by signing in with the pockets that holds their NFT. Claims will likely be processed securely and gas-efficiently by companion Magna, with preliminary registration and claims open for 30 days after the Token Generation Event (TGE). 

Distribution will happen in two phases, with the primary portion launched at TGE and the second six months later. This schedule is shorter than typical contributor and investor lockups, and Common plans to reward continued engagement following the TGE. Additional bulletins relating to declare registration and the TGE will likely be supplied quickly.

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