Links
Slack (not available)
Overview
ICO Opening Date
Feb 14th, 2018
ICO Closing Date
Feb 18th, 2018
Country of Origin
Gibraltar
Description
Colu has been an active player in the blockchain space for the last 3 years and is operating local economies in 4 cities in UK and Israel with almost 100k users and 70k monthly transactions.
Using Colu’s digital wallet app, consumers can make purchases at participating businesses and transfer community currencies (pegged to fiat currency) to one another.
Colu wants to to bridge the gap between the cryptocurrency market and everyday consumers by integrating cryptocurrencies into its digital wallet.
Colu’s token will be called CLN - Colu Local Network. The CLN token will provide access to Colu Local Network for payments and issuance of community currencies.
Each purchase made at merchant terminals will convert a percentage of the fiat to community currency and reward them to to the users and merchants - onboarding them as stakeholders, bootstrapping the local economy and incentivizing local spending.
The CLN will provide liquidity for the community currencies and will act as a reserve allowing to move between community currencies through the CLN.
Technology
Blockchain Platform
Ethereum
Team
Members
Amos Meiri - Co-Founder & CEO at Colu
Mark Smargon - Co-founcer & VP blockchain
David Ring - Co-founder & VP Finance
Prof. Dan Ariely - CBO
Elad Shabi - Director of Business Operations
Maya Grossman - Director of Marketing
Leora Bachrach - Head of HR
Rotem Lev - CTO
Dana Heller - Chief Economics and Regulation Officer
Disclosure: This page is created to provide market intelligence. This is not investment advice and does not constitute any solicitation or endorsement of any investment. Any investment you make is done at your own risk and at your full and absolute discretion.
Colu Local Network News
December 13th, 2017
After raising $12 million from top investors, the blockchain startup is now looking to collect $50 million in a crowdsale launching next month.
June 7th, 2017
The Colu team decided to open source the code as it wants to encourage more developers to work on Colored Coins.
January 5th, 2016
Deloitte insists that if properly applied, blockchain has potential to enhance financial services.
August 26th, 2015
ColoredCoins.org is announcing a release of an open-source version of Copay, an open source multisig wallet developed by Bitpay
August 19th, 2015
Colu has launched the beta version of its platform and announced its first partnership with a cloud-based provider of sales and marketing intelligence for music startups.
By CoinSpeaker Staff on August 15th, 2018
This week, the crypto market continued the bear trend. Major cryptocurrencies suffered price delince more than 10%. Among which, XRP got hammered and experienced greates loss of 26.2%. Apart from emotional factors, the major reason for this hit is the news that SEC rejected the application of Bitcoin ETF. We’ll dive deeper into this issue in the report.
August 14th, 2018
The proposed draft defined ICO as a legal and innovative crowdfunding technique willing to oblige to certain security rules that are expected to decrease fraudulency.
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