Colu Local Network
a decentralized payment system powered by everyday consumption


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 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.


Colu Local Network

4.5


  • Visit Colu Local Network Website

  • ICO Product Video

  • Overview

    Symbol

    CLN

    Whitepaper

    Whitepaper Link

    Crowdsale opening date

    2018-02-14

    Crowdsale closing date

    2018-02-18

    Country of origin

    Gibraltar

    Technology

    Ethereum

    Industry

    Cryptocurrency


  • Team

    MARK SMARGON - Co founder & VP of Blockchain

    AMOS MEIRI - Co founder & CEO

    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

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