Colu Local Network (CLN)

 Basics

• Founded in: 2014
• Mainnet release:
• Based in: Israel
• 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."

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Other Details

• Worked on coloured coins.

Their Other Projects

• Local Pound, East London (20-7-2018)

Roadmap

• Can be found [Insert link here].

• 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].

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• Mark Smargon; co-founder

Funding

• Raised $2.5M in funding (27-1-2015)