View source for Colu Local Network (CLN)

== Basics ==
* Founded in: [https://www.crunchbase.com/person/mark-smargon 2014]
* [[Mainnet]] release:
* Based in: Israel
* [https://www.coindesk.com/blockchain-comes-east-london-colu-local-currency-launch From] [[CoinDesk]] (20-7-2018):
"''According to Colu co-founder and vice president, [[Mark Smargon]], Colu’s currencies are an attempt to combat the threat of retail chains in cities and neighborhoods, while the accompanying app is meant to help businesses manage their transactions and help locals discover merchants in their area."''

== History ==
== Token ==
=== Launch ===
=== Token allocation ===
=== Utility ===
=== Token Details ===
=== Stablecoin ===
== Tech ==
* [[Whitepaper]] can be found [insert here].
* Code can be viewed [insert here].
* Built on:
* Programming language used:
=== Transaction Details ===
* Capacity ([[TPS]]):
* [[Latency]]:
=== How it works ===
=== Mining ===
=== Staking ===
=== Liquidity Mining ===
=== Different Implementations ===
=== Interoperability ===
=== Other Details ===
* Worked on [[Coloured Coins|coloured coins]].

== Privacy Method being used ==
=== Compliance ===
== Oracle Method being used ==
== Their Other Projects ==
* [https://www.coindesk.com/blockchain-comes-east-london-colu-local-currency-launch Local Pound, East London] (20-7-2018)

=== DEX ===
== Governance ==
=== DAO ===
=== Self Funding Mechanism ===
== Upgrades ==
== Roadmap ==
* Can be found [Insert link here].

* [https://www.coindesk.com/blockchain-comes-east-london-colu-local-currency-launch From] [[CoinDesk]] (20-7-2018):
"''Going forward, Colu plans to build out more features as the communities around the local currencies grow. “We started on a very small scale, on a neighborhood scale, and right now we’re working on a city scale,” said Smargon. “We merged all of our communities in Tel Aviv into one big Tel Aviv coin.” One possible feature in the pipeline is allowing Colu local currencies to be interchangeable with more widely known cryptocurrencies, such as [[bitcoin]] and [[ether]]. Though, Smargon said this could be some way off.''

''“Right now, we’re not focusing on opening new economies but building the retention,” he said, adding that its various currencies have about 50,000 users and carried out $1m worth of transactions. The company is now in the process of applying for an e-money license in the UK to bolster its digital currency development."''

== Audits ==
* [[Bug bounty]] program can be found [insert here].
=== Bugs ===
== Usage ==
=== Projects that use or built on it ===
== Competition ==
== Coin Distribution ==
== Pros and Cons ==
=== Pros ===
=== Cons ===
== Team, Funding, Partnerships, etc. ==
=== Team ===
* Full team can be found [here].
* [[Mark Smargon]]; co-founder 
=== Funding ===
* [https://venturebeat.com/2015/01/27/colu-raises-2-5m-to-use-the-blockchain-for-something-other-than-bitcoin/ Raised] $2.5M in funding (27-1-2015)

=== Partners ===
[[Category:Companies/Organisations]]