What Is Common (COMMON) and How Does It Work?
Common (COMMON) is the native token of the Common.xyz ecosystem, a Web3 coordination layer that helps communities, contributors, and
AI agents collaborate seamlessly. Developed by Commonwealth Labs, Common enables users to launch tokens, build decentralized communities, and reward participation all within one integrated platform. It combines tools for governance, social interaction, and rewards distribution, empowering users to create self-sustaining ecosystems around shared goals.
The COMMON token powers this ecosystem by facilitating governance, rewarding contributors, and aligning incentives across all participating communities. Holders can use COMMON to vote on proposals, earn rewards through engagement campaigns, and access exclusive features on the platform. The protocol also supports cross-chain integration, operating across major blockchains like Ethereum, Base, and Solana, allowing users to manage community tokens across multiple networks.
In essence, Common (COMMON) serves as the fuel for an evolving community-driven Web3 economy. By merging tokenization, governance, and
AI-powered coordination, it aims to simplify how decentralized groups operate and grow. As adoption increases and more communities build on the platform, the COMMON token’s utility, and potential long-term value, are expected to expand.
When Did Common.xyz Launch?
Commonwealth Labsm the team behind Common.xyz (and its native token COMMON), was founded in 2018 by Dillon Chen, alongside co-founders Drew Stone and Raymond Zhong, out of San Francisco. The platform was built to address the fragmentation in Web3 communities, offering token-launch tools, governance infrastructure, social coordination, and integrations across chains.
What Is the COMMON Token Used for?
The COMMON token is the core utility and governance asset of the Common.xyz ecosystem. It is used to govern community decisions, reward contributors, pay for platform services, and align incentives among users, communities, and AI agents. Holders can participate in DAO voting, launch or manage community tokens, and earn on-chain or off-chain rewards by engaging in activities like referrals, staking, or governance participation.
You can trade COMMON tokens easily on the
BingX Spot Market by creating an account, depositing
USDT or another supported asset, and searching for the
COMMON/USDT trading pair. Once purchased, your COMMON tokens will appear directly in your BingX Spot Wallet for secure storage or further trading.
What Is Common Tokenomics?
The COMMON token has a genesis supply of 10 billion tokens, with a projected maximum supply of around 12.418 billion over time due to controlled inflation. At its Token Generation Event, approximately 2.33 billion COMMON, about 23.3% of the total supply, entered circulation. The protocol employs a gradual inflation model that starts at around 5% per year and decreases to about 2% annually as the network matures.
COMMON Token Allocation
• Community Rewards and Ecosystem Incentives: ≈ 13.9% – reserved for
airdrops, referral programs, and contributor rewards.
• Team and Founders: ≈ 20% – allocated to core contributors and founding members, vested over several years.
• Investors and Private Sale: ≈ 25% – distributed among early backers and venture capital partners such as Polychain Capital and Dragonfly.
• Treasury and DAO Reserve: ≈ 15% – used to fund ecosystem growth, partnerships, and liquidity initiatives.
• Staking and Governance Rewards: ≈ 10% – set aside for users participating in staking and governance activities.
• Advisors and Strategic Partners: ≈ 5% – earmarked for ecosystem advisors and long-term partners.
• Public Launch and Liquidity: ≈ 11% – allocated to public listings, exchange liquidity, and community distribution.
How to Claim Common Airdrop
The Common airdrop is designed to reward early adopters, platform users and community contributors, though the exact token-distribution schedule is not yet fully confirmed. The eligibility criteria include completing on-platform tasks, such as joining communities, engaging in discussions, or taking part in quests and “Aura Points” programmes, as well as signing up and connecting your wallet.Key dates to note: while there’s no official snapshot or distribution date publicly finalised, earlier farming seasons, e.g., “Point Farming Season 1,” occurred in April and August 2025, hinting at future reward rounds.
How to claim $COMMON tokens once the official claim portal opens
• Visit the official Common dashboard and create an account or connect your
crypto wallet.
• Complete the listed tasks, e.g., join communities, engage in quests, follow social channels, refer friends.
• When notified, connect the qualifying wallet, verify your participation, and claim your tokens via the official claim page.
• After claiming, check your wallet for receipt of the airdropped COMMON tokens once the distribution occurs.
What Blockchain Network Does Common Operate on?
Common (COMMON) operates as a multi-chain protocol, supporting major blockchain networks including Ethereum, Base, Arbitrum, and Solana. This cross-chain architecture allows users to launch, manage, and trade community tokens across different ecosystems while maintaining interoperability. By integrating with multiple EVM and non-EVM networks, Common ensures flexibility, scalability, and wider accessibility for communities, contributors, and AI agents participating in its platform.
Which Wallets Support COMMON Tokens?
The easiest and most secure way to store your COMMON tokens is directly on BingX after purchasing them on the COMMON/USDT spot market. BingX provides an integrated wallet system that automatically credits your tokens to your Spot Wallet once a trade is complete. This ensures safe custody under BingX’s multi-layer security framework, with options for quick withdrawals, portfolio tracking, and seamless trading anytime.
If you prefer self-custody, COMMON tokens are compatible with several EVM and multi-chain wallets since the project supports
Ethereum,
Base,
Arbitrum, and
Solana. Popular options include
MetaMask,
Trust Wallet, and
Base App, where you can manually add the COMMON token contract and interact with decentralized applications (dApps). For long-term storage,
hardware wallets like
Ledger or
Trezor provide an extra layer of security by keeping your tokens offline while still supporting EVM-compatible assets.
Is Common (COMMON) a Good Investment?
Common (COMMON) can be considered a promising investment because it powers a growing multi-chain platform that enables communities and AI agents to launch tokens, govern projects, and reward participation, all within a single ecosystem. Its utility-driven model ties token demand directly to platform adoption, creating potential value as more users and communities join. Backed by reputable investors like Polychain Capital and Dragonfly, and featuring a gradually deflationary supply model, COMMON combines real-world functionality with long-term growth potential. However, like all crypto assets, it carries market and adoption risks that investors should evaluate carefully.