Project Name: BendDAO
Author Name: Hill
Number of COLLAB tokens requested: 1,424,154
Recipient Address: BendDAO Treasury on OP (multi-sig): 0x4B21388254B6Ca44620171F8cF3BF07d657C372f

Details for token distribution (under 1000 words):

Distribution Mechanism:

BendDAO has been running safely on Ethereum mainnet for over 1 year. The long-term supporters are the main target users for the rewards distribution.

Target Members:

Community members who owned a boundNFT or veBEND and verified ownership via the Collab.Land bot. For BendDAO users who haven’t been verified will be qualified if they can join Discord and be verified. BendDAO users ( from March 2022 to March 2023)

Timeline: T

The suggested time window is 7 days.

40% to Existing Verified members with boundNFT role or veBEND role

40% to BendDAO users’ addresses They are long-term supporters of BendDAO.

Rewards will be distributed directly, and the DAO Treasury will cover the GAS.

20% to be distributed to DAO Treasury.

To be used to cover the distribution cost;

To be used to directly participate in the Collab.Land governance;

To be used for other initiatives that benefit the BendDAO community.

How will the tokens be distributed?

All tokens will be airdropped to users and verified members. Once the proposal is approved by Collab.Land, we will announce the airdrop campaign and encourage users to join BendDAO Discord and verify via Collab.Land.

For verified members, special channels will be created to collect addresses.

All rewards will be divided equally based on the total addresses of verified members /users.

How many users is this distribution projected to incentivize?

BendDAO active users:

3,200 addresses

Verified members: around 690 users with qualified roles (The numbers will increase once we announce the airdrop plan. )

How will this distribution incentivize usage and adoption of Collab.Land?

To Collab.Land:

This distribution will inherently help promote Collab Land in BendDAO. We also expect more members to join our ecosystem and Discord The distribution mechanisms will incentivize New Members to verify via Collab Land.

To BendDAO community:

Rewarding Long-term Verified Holders Community participation in the governance of the Collab.Land DAO Incentivized community growth and engagement

What is the benefit of this distribution?

User adoption both in NFT and DeFi ecosystem BendDAO is leading the NFTFi sector in terms of TVL. BendDAO users mainly include bluechip NFT holders and ERC20 holders.

The COLLAB distribution should create a healthy user base of Collab.Land holders.

Will your project provide any co-incentives?

It will be decided by the community. Details of the BendDAO Governance

Where will tokens be held once distributed by Collab.Land DAO?

BendDAO Treasury on OP (multi-sig): 0x4B21388254B6Ca44620171F8cF3BF07d657C372f