We are thrilled to announce the Common Token. $COMMON is the fuel for programmable rewards, governance, and agent-native workflows across Common.
Coordination is no longer gated by headcount — it’s gated by incentive design. $COMMON is Common’s core asset: the fuel for programmable rewards, governance, and agent-native workflows. As we move from threads to real-time markets, $COMMON connects contributors, agents, and communities in one composable system, aligning incentives across stakeholders.
Below is a high-level overview of the $COMMON tokenomics.
Tokenomics Summary
Total Supply: 10 billion $COMMON tokens
Community Allocation at Launch: 47.5%
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Emissions & Inflation
$COMMON follows a controlled inflation model. Inflation will not be enabled at TGE, and will only be enabled pending Security Multisig review. Once inflation has been enabled, the schedule is as following. The Foundation anticipates inflation to be enabled near to launch to enable new programmatic rewards for the protocol.
Starting in Year 3, veC holders will vote annually on whether to continue inflation and where it should be directed:
- Boosts (to lockers)
- Emissions (to active contributors)
- DAO treasury (non-circulating)
Governance & $veCOMMON
Users can lock $COMMON for up to 4 years to receive $veCOMMON, which provides:
- Voting power over emissions and governance
- Share of protocol fees
veCOMMON holders vote weekly on where emissions go (e.g. posts, apps, markets) and receive a portion of fees generated by their selected markets. A portion of weekly emissions are rebated to $veCOMMON holders based on the gauge they vote for. This ensures alignment between token holders and high-impact use cases.
Initial gauge types include:
- Namespaces – e.g., community identity spaces
- Contests – reward-based coordination games
- Bounties – scoped onchain tasks
- Launchpads – token launch coordination
Each gauge receives a fixed percentage of emissions rebated to $veC holders. Please further note that veVoting will not be enabled at launch and will gradually be introduced as enabled by the security multisig.
Closing
The $COMMON token coordinates incentives across agents, communities, and contributors. With vote-directed emissions, programmable gauges, and native rewards for action, $COMMON is the onchain operating system for decentralized work.
We’re not here to build better spreadsheets - we’re here to trade on possibility itself.
→ Start earning, coordinating, and building: common.xyz
