Project Name: QuestN (Previously Quest3)
Author Name: JoeyNumber of COLLAB
tokens requested: 764,723
Recipient Address: 0x6A9BEe149E1b21425162c30266d335F3cb9CfeE4
Token Distribution Mechanism:
Distributed through several quests on QuestN.
Traffic incentive program:
50% of the tokens will be distributed through our traffic incentive program. Projects that choose to reward users with Collab.Land tokens will benefit from our banner spot, recommended spot as well as other resources. We will also work with other projects that are part of the Top 100 Collabland Communities to ensure that there are at least 2 major quests are incentivizing $COLLAB every month.
(Clarification: This is not a plan to immediately liquidate tokens. Communities who reward users with $COLLAB will be granted these recommended spots automatically, as well as the $COLLAB tokens will be added to our reward pool and projects that choose to reward their users with Collab.Land tokens will receive recommended spots, as mentioned. This will lead to increased transaction volume, greater liquidity, and overall growth of the users Collab.Land.)
Within 1-6 months of allocation, over a series of Quests/Events.
25% of the tokens will be rewarding our early supporters.
The following eligible holders will be snapshotted beforehand.
The Great Adventurer - Uncommon
The Great Adventurer - Rare
The Great Adventurer - Epic
Timeline: Within 1 month of allocation in one single distribution.
25% of the tokens will be distributed through our weekly quest program to eligible users who meet specific engagement criteria, such as participated a significant number of quests on our platform, members of the community etc.
Within 3 months of allocation, over a series of quests.
Benefits of the Distribution:
As the Collab.Land tokens will be added to our reward pool and projects that choose to reward their users with Collab.Land tokens will receive recommended spots, as mentioned above. This will lead to increased transaction volume, greater liquidity, and overall growth of the users Collab.Land.
To the Community:
Reward users who engage with the platform with Collab.Land token, will increase engagement and activity within communities and our platforms, and greater visibility for community.
In addition to the token distribution program, we are planning to host an event with Collab.Land official in the coming weeks.
As many of the Top100 communities are already our business partners, including Axie Infinity, CyberConnect, Aavegotchi, CARV, TiTi Protocol, Ultiverse, Delysium, P12, Pomerium, Solv Protocol, and so on. We have actively reached out to them to jointly host a continue event that can deliver added utilities to $Collab. As part of our promotional strategy, we will feature this event on the banner spot and other promotional channels at no additional cost.
We would also like to extend an invitation for Collab.Land to join us as a co-host, which would provide significant growth opportunities for the Collab.Land community. By using $Collab as an incentive, we aim to drive more transactions and increase engagement among the majority of Top100 communities. We are excited about the opportunity to work with Collab.Land and look forward to it.
Collab.Land will continue to be utilised to authenticate NFT holders, and we will urge our clients to continue using Collab.Land for verification purposes as before. The co-incentives will increase the demand for the Collab.Land. token and enhance its value proposition. We believe this approach will create a virtuous cycle of adoption, usage, and growth benefitting both our project and Collab.Land.
Token Distribution Holding:
Multisig wallet held by the QuestN Team