Introducing Wallet Link: Connect Your Wallet and Access New Opportunities
Today we are announcing Wallet Link, a new feature currently rolling out for select offerings with exclusive partners on CoinList.
Wallet Link is a mechanism that allows users to connect their on-chain identities to their CoinList verified identity. When opting into Wallet Link, users verify ownership of their non-custodial wallet and in return can receive access to new opportunities based on their wallet’s activity. Users can delete the wallet addresses associated with their accounts at any time.
We are launching Wallet Link this week as part of a campaign with Nomad to recover and return funds to users affected by the Nomad bridge hack. Affected users will be able to verify ownership of their wallet(s) in connection with the Nomad bridge to be eligible for return of funds.
In the future, we will be rolling out Wallet Link more broadly to unlock new experiences on CoinList. By combining Karma and Wallet Link, CoinList will be able to help protocols curate an engaged community using on-platform and on-chain identities from day one. Partner projects no longer have to worry about having an initial community of speculators and unknown users. Instead, they can distribute their tokens to:
- Stakers who will help secure the network
- Developers who will build on top of the protocol
- Voters who will participate in decentralized governance
- Active participants who will supply liquidity to the network
- Contributors who will participate in the DAO’s growth initiatives
- Users who will use the protocol
Those users that choose to engage can then kickstart the positive feedback loop of community driven protocol growth. With CoinList’s compliance-forward approach towards community sales and distributions, projects can confidently allocate more supply to the initial token distribution, as they know those users are committed to the protocol’s long term growth.
For questions about Wallet Link in relation to Nomad, please visit our FAQ here »
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