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Common XYZ Protocol - Logo.

Common XYZ Protocol (COMMON)

Past
Total Raise: $23,200,000
Date: 18 May 2021 - 25 May 2022

Common is a Web3 protocol that transforms community participation into tokenized assets through tokenized namespaces, contests, referrals, and launchpads. It provides a modular, extensible infrastructure where actions, ideas, and contributions are rewarded, governed, and integrated into sustainable on-chain economies.

Since its inception in 2018, the project has raised $23.2M across 2 funding rounds with participation from top-tier funds like Polychain CapitalDragonFly CapitalCoinbase Ventures, and others.

❗️ ❗️ âť— IMPORTANT:

Please be aware that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch doesn’t provide financial advice, nor does it intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 80+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Common XYZ Protocol Overview

Ticker: COMMON
Country: United States
Industry: Social
Founded: 2018
Whitelist: Yes
Blockchain Network: Arbitrum, Solana, Ethereum, Base, BNB Chain, Polygon, 8+ chains
KYC: Yes
Bounty: Yes
MVP: Yes
Type: Equity
Security Audit: No

Common XYZ Protocol Review

Common xyz is a full-stack, all-in-one platform for on-chain communities, bringing together token launches, governance, forums, and rewards into a single crypto-native product. Developed by Commonwealth Labs, it empowers over 20,000 communities and over 1.7M users to create, grow, and govern around NFTs, tokens, DAOs, and other on-chain assets.

In the long run, Common content (along with the permissionless smart contracts) will be totally decentralized, allowing any developer to interact with all members, roles, and posts, allowing developers to create new front-ends. 

Common Protocol is a programmable coordination layer that powers on-chain communities through “loops”. They are automated incentive mechanisms that reward actions, drive engagement, and connect social activity with governance, funding, and capital formation. It consists of several interconnected projects, each serving a specific purpose within the ecosystem:

  • Contests: A system that allows communities to run competitions with tokenized rewards, encouraging participation, and helping communities curate quality content and contributions through voting mechanisms;
  • Launchpad: Enables communities to launch tokens with built-in liquidity mechanisms, while integrating bonding curves and automatic market makers to help communities bootstrap token economies and create sustainable tokenomics models;
  • Governance: A customizable framework that lets communities choose from multiple on-chain models (Aave, Substrate, Cosmos, Snapshot, Polling) to coordinate decisions, allocate resources, and manage treasuries in a transparent, censorship-resistant way.

You can get acquainted with the details in the docs.

🪙 Common Token: As of September 2025, the project hasn’t disclosed any info concerning the native token of the project. However, there’s an ongoing points farming campaign (Season 2) that aims to reward active users. This can potentially bring us to the Common xyz airdrop.  
 

Considering the potentially upcoming Common crypto airdrop, our team has completely analyzed the project, revealing its several pros and cons:

âś… Common pros:

  • High PR and Growth Marketing score;
  • Above-average SEO and SMM performance;
  • Great ecosystem of backers (Metamask, Binance Wallet, OKX, TON, and others);
  • Strong backers (Polychain Capital, DragonFly Capital, Coinbase Ventures, and others);
  • Over 1.7M users are already a part of the project.

❌ Common cons:

  • Below-average Marketing Infrastructure and Influencer Marketing performance;
  • No info on the native token yet;
  • No Roadmap;
  • No security audits;
  • Core team members have no work experience in top-tier companies.

Common XYZ Protocol Token Economy

Total Raise: $23,200,000
Total Supply:
Private/Pre-sale: (0%)
Public Sale: (0%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Common XYZ Protocol Token Sale (ICO & IDO) Rounds

Seed: May 2021
Past

Price: N/A
Tokens for sale: N/A
Raise: $3,200,000
Lock-Up: N/A
Funds:
Dragonfly Capital Logo Framework Ventures logo Hashed Fund Logo +11
Private: May 2022
Past

Price: N/A
Tokens for sale: N/A
Raise: $20,000,000
Lock-Up: N/A
Funds:
Polychain Capital logo Wintermute Jump Crypto +1

Common XYZ Protocol Funds and Backers
(3/18)

Submit
Polychain Capital logo
Polychain Capital
Score: Very High
55 numbers of
investment
Read More
Dragonfly Capital Logo
Dragonfly Capital
Score: Very High
35 numbers of
investment
Read More
31 numbers of
investment
Read More
View All

Common XYZ Protocol Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  10 Oct 2025 Upgrade

Common XYZ Protocol Team

Dillon Chen
Dillon Chen
Founder
0xmullet
0xmullet
Head of Growth and BD
Rhys Hillier
Rhys Hillier
Ecosystem Lead

Common XYZ Protocol Airdrop & Retrodrop & Bounty

Airdrop (Points Farming)
Common XYZ Protocol - Logo.
funds
Start Date:
04 Apr 2025
End Date:
04 Feb 2026
Difficulty:
Easy
Winners:
N/A
Rewards:
N/A

Description

Common is an all-in-one hub for on-chain communities, where users can launch assets, engage in discussions, and implement governance with built-in incentive structures. By combining launchpads, contests, and customizable governance models, it provides the infrastructure for decentralized organizations to scale and thrive.

On April 4th, 2025, the project launched its Aura (Points) Farming campaign, allowing users to earn rewards for interacting with the platform. Hence, we have prepared a detailed guide on how to join the event.

Read More

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