Discord Extension Collab.Land Gears Up For Token Launch

Key Points:

• Collab.Land is a web3 project that aims to promote collaboration among various communities and develop tools for coordination.
• The upcoming launch of Collab.Land DAO and COLLAB tokens will take place on the Optimism network, and holders can participate in DAO governance by adding the network to their wallets.

According to a recent announcement on its official Twitter account, Collab.Land, a Discord extension application plug-in, has announced that its token application will begin on February 23, 2023, and will conclude on May 23, 2023.

It has also reminded users that the application can only be accessed through its official website and does not require any wallet connection, message signing, or gas fees. Users are advised to be cautious of fraudulent links.

According to its official website, the COLLAB token is primarily for governance and use within the Collab.Land ecosystem.

To be eligible for the tokens, the Top 100 communities are required to participate in the Community Claim Process. This process aims to encourage the communities to present innovative and distinctive proposals on how they plan to utilize and/or distribute the tokens.

The Collab.Land DAO, which is a legal entity known as Collab.Land Co-op, aims to create a reliable ecosystem that promotes value alignment and collaboration among web3 projects. It provides a platform for numerous communities to come together and collaborate to identify and develop efficient tools for coordination.

The upcoming launch of the Collab.Land DAO and COLLAB will take place on the Optimism network. Those who hold COLLAB will be able to participate in DAO governance, but they will need to add the Optimism network to their wallet in order to do so.

The ecosystem is set to expand with the launch of the Marketplace, which was announced in February 2023. This marketplace will serve as a platform for Miniapps created by Collab.Land community of developers. These Miniapps are designed to provide web3 communities with additional features and functionality beyond the basic on-chain asset verification and token gating.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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