Colu Local Network (CLN)

From CryptoWiki

(Redirected from Colu Local Network)

 Basics

"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

How it works

Mining

Staking

Liquidity Mining

Different Implementations

Interoperability

Other Details

Privacy Method being used

Compliance

Oracle Method being used

Their Other Projects

DEX

Governance

DAO

Self Funding Mechanism

Upgrades

Roadmap

  • Can be found [Insert link here].

"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

Bugs

Usage

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

Funding

  • Raised $2.5M in funding (27-1-2015)

Partners