Common (COMMON): Infrastructure for Programmable Communities Onchain

Common is building the infrastructure for programmable communities onchain where loops act as automated markets for actions, enabling creators and communities to design incentives for workstreams, governance, launches, and engagement. Founded by Dillon Chen in 2018 and backed by Polychain Capital, Dragonfly Capital, and Coinbase Ventures with $20 million in funding, Common (COMMON) will soon be available on Bitget!

What is Common (COMMON)?

Common is a platform designed to streamline and unify community management and engagement in the Web3 ecosystem by integrating with tools like Discord, Snapshot, and other onchain platforms to offer a seamless communication and governance experience.

The platform is a unified, crypto-native workspace for launching tokens, coordinating communities, and facilitating engagement, governance, and rewards. With over 3.8 million members, $18 billion of tokens represented, and a peak of 100,000 weekly active users, Common already supports active onchain communities.

Common addresses the fragmentation of community management and governance in the Web3 space. Most Web3 communities juggle multiple apps for communication and governance, face fragmented discussions across different platforms, and lack proper incentive structures for participation. Common solves these problems by reducing the need for multiple apps through a unified interface, consolidating discussions and actionable threads in one place, and incentivizing participation through rewards and recognition structures.

Core Innovation: Common's infrastructure enables Web3 communities to operate through the Common Protocol, where loops act as automated markets for actions. The platform enables communities to launch native omnichain tokens and manage their evolution with onchain incentives and modular governance tools, ensuring that every contributor's participation counts through integration with Discord, Snapshot, and other onchain tools.

Who Created Common (COMMON)?

Common was founded in 2018 by Dillon Chen, who is also the CEO. Dillon Chen started his journey in crypto in 2013 and built Common to address pain points in decentralized community collaboration and governance.

Dillon Chen (Founder and CEO):

● Entered crypto in 2013 when he bought his first Bitcoin

● Background in researching Bitcoin transactions during university and experience in early Ethereum mining

● Participated in some of the earliest DAO experiments with blockchain clubs

● Founded Common under Commonwealth Labs to create a unified, full-stack infrastructure for DAOs and Web3 communities

● Vision is "a community for every token and a token for every idea"

Team Structure:

Common was developed by Commonwealth Labs with a launch date in 2018. The team collaborates with multiple partners and integrates tools like Snapshot and Discord to offer full-stack governance and community services.

What VCs Back Common (COMMON)?

Common has raised a total of $20 million across multiple funding rounds from prominent investors in the crypto and technology sectors.

Funding Rounds:

● Total Raised: $20 million

● Latest Round: May 2022

● Valuation: $80-120 million as of May 2022

Major Venture Capital Backers:

● Polychain Capital - Leading crypto investment firm

● Dragonfly Capital - Prominent crypto venture fund

● Coinbase Ventures - Strategic investment arm of Coinbase

● HashKey Capital - Digital asset management firm

● Spark Capital - Technology-focused venture capital

● General Catalyst - Multi-stage venture capital firm

● Canaan Partners - Early-stage venture capital

● 1confirmation - Crypto-focused investment firm

● BitDAO - Decentralized autonomous organization

● CMS Holdings - Digital asset trading firm

● ParaFi Capital - Alternative investment firm

● Jump Crypto - Digital assets division of Jump Trading

Notable Angel Investors:

● Balaji Srinivasan (Former CTO of Coinbase)

● Stani Kulechov (Founder of Aave)

Strategic Partnerships:

● LayerZero - Supported major airdrop distribution and community engagement

● Base - Integrated with Coinbase's Ethereum Layer 2

● Uniswap - Partnership for liquidity and token swaps

● Snapshot - Full integration for governance and proposal voting

● Solana & Cosmos - Multi-chain support for governance and asset management

● PAID Network - Strategic collaboration for decentralized crowdfunding

The funds have been used to expand ecosystem functionality, decentralize the platform, and accelerate product launches including Common's DAO app store and the COMMON token.

How Common (COMMON) Works

Common operates through several key technologies that make decentralized community management safe, efficient, and user-friendly:

The Common Protocol and Loops

At the core is the Common Protocol, where "loops" act as automated markets for actions. These loops enable creators and communities to design incentives for workstreams, governance, launches, and engagement. Smart contracts handle tasks like voting, tracking member participation, distributing prizes, and managing proposals automatically.

Omnichain Token Launch and DAO Management

Common enables creation and management of tokens and governance structures across multiple blockchains including Ethereum and EVM-compatible chains, Base, Solana, and Cosmos. Communities can create their own token, set up gated or open membership, and manage governance via integrated tools like Snapshot.

Crypto-Native Forum with Built-In Incentives

The platform provides full-featured discussion, proposals, voting, and token/NFT gating with Discord and Snapshot integrations. All important discussions, votes, proposals, and events are displayed in a single dashboard, eliminating the need to bounce between different apps.

Automated Contests, Bounties, and Rewards

Admins and users can create proposal-based contests or bounties with onchain token prizes and transparent, automated distribution. Active members including top contributors, voters, and contest winners earn perks, tokens, or exclusive group access, all tracked automatically.

Multi-Platform Integration

Native connections to Discord, Telegram, Snapshot, and Farcaster allow communities to synchronize discussions and votes across channels where members are already active. The platform uses wallet-based authentication with all user permissions using wallet logins and token/NFT holdings.

AI Agents and Automation

Early versions of smart agents automate routine coordination, assisting with grant management, moderation, proposal validation, and content curation.

Common operates across Ethereum/EVM chains, Base, Solana, and Cosmos, with users accessing the platform through crypto wallets such as Phantom, Solflare, MetaMask, and OKX Wallet.

You can access the platform at landing.common.xyz and explore comprehensive documentation at docs.common.xyz .

Common Token (COMMON) and Economics

The COMMON token serves as the native utility and governance asset for the Common protocol, designed to coordinate communities, contributors, and AI agents across multiple blockchains.

Token Details

● Token Name: Common

● Token Symbol: COMMON

● Total Supply: 10,000,000,000 COMMON (10 billion tokens)

● Max Supply: Approximately 12,418,259,242 COMMON

● Circulating Supply: Around 2.33 billion COMMON as of October 2025

● Blockchain Deployment: Ethereum and EVM-compatible chains (ERC-20)

● Contract Address (Base): 0x4c87da04887a1F9F21F777E3A8dD55C3C9f84701

Token Utilities

● Governance: Holders submit, discuss, and vote on proposals that shape the protocol, community rules, and platform upgrades

● Incentives & Rewards: Distributed as rewards for participating in discussions, creating proposals, voting, contributing to forums, winning contests, and completing quests

● Access & Gating: Certain threads, proposal submissions, votes, and bounties can be gated by holding or staking COMMON

● Treasury and Bounty Payments: DAOs and communities use COMMON to fund bounties, sponsor contests, and pay for project contributions

● Community Reputation: Accumulating COMMON builds users' reputation and standing, unlocking further privileges and rewards

● Staking: Users lock COMMON to gain enhanced governance rights, access premium features, or unlock token-gated activities

Why Common?

Traditional Web3 community management faces challenges around fragmentation, inefficient coordination, and lack of sustainable incentive structures. Common addresses these problems with its technology and ecosystem:

Proven Leadership: Founded by Dillon Chen, who entered crypto in 2013 with experience in blockchain research, early Ethereum mining, and DAO experimentation, bringing research-driven solutions to decentralized organizational challenges.

Strong Investor Validation: $20 million raised from top-tier investors including Polychain Capital, Dragonfly Capital, Coinbase Ventures, and notable angels like Balaji Srinivasan and Stani Kulechov.

Technical Innovation: First platform to deploy omnichain token launch and DAO management across multiple blockchains with crypto-native forum featuring built-in onchain incentives and automated contest/bounty/reward systems.

Strategic Partnerships: Integrations with LayerZero, Base, Uniswap, Snapshot, Solana & Cosmos ecosystems, and strategic collaboration with PAID Network for decentralized crowdfunding and Web3 investment.

Live Ecosystem: Over 3.8 million members, $18 billion of tokens represented, peak of 100,000 weekly active users, and 100,000+ communities demonstrating real-world utility and adoption.

Unified Platform: Eliminates the need to juggle multiple apps by offering a unified interface that brings communication, governance, token launches, contests, and rewards together.

Composable Infrastructure: Modular architecture with Community API for developers, plugins for Discord/Discourse/Farcaster, and progressive web app for mobile access enabling extensibility and integration.

AI-Enhanced Coordination: Early-stage AI agents automate routine coordination tasks including grant management, moderation, proposal validation, and content curation.

Wallet-First Authentication: All user authentication, permissions, and actions use wallet logins and token/NFT holdings for granular, programmatic access with no Web2 login requirements.

Proven Market Traction: Supported LayerZero's airdrop distribution, one of the biggest airdrop events in crypto.

Common transforms Web3 community coordination by merging social infrastructure, governance, and contributor rewards into a unified, omnichain platform.

Common (COMMON) Goes Live on Bitget

We are excited to announce that Common (COMMON) will be listed on Bitget! Check out the details below:

Deposit Available: Opened

Trading Available: 27 October 2025, 13:00 (UTC)

Withdrawal Available: 28 October 2025, 14:00 (UTC)

Contract Address (Base): 0x4c87da04887a1F9F21F777E3A8dD55C3C9f84701

Trade COMMON/USDT on Bitget!

Common (COMMON) Goes Live on Bitget Launchpool — Lock BGB & COMMON to Share 27,777,800 COMMON

Locking period: 27 October 2025, 13:00 - 29 October 2025, 13:00 (UTC)

Locking pool 1: Lock BGB to share 25,000,000 COMMON

Locking pool 2: Lock COMMON to share 2,777,800 COMMON

Lock now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.