Colony (CLY) is a community-driven project on the Avalanche blockchain, functioning as a Web3 venture capital platform that provides decentralized fundraising. More
| Fully Diluted Valuation | $11.79M |
|---|---|
| 24H Trading Volume | $104,456 |
| 24H Low / High | $0.08 / $ 0.08 |
| Circulating Supply | 112.71 M |
| Total Supply | 150.00 M |
| Max Supply | 150.00 M |
| Categories | Avalanche Ecosystem |
|---|---|
| Founder | Jack du Rose |
| Website | colonylab.io |
| Socials | |
| Chains | Avalanche Ecosystem |
| Explorer | Snowtrace 3 more |
| Contracts |
0xec3....793e6
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| Name | Pair | OG Score |
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Colony (CLY) is a community-driven project situated within the Avalanche blockchain, focusing on decentralization, liquidity provision, and open governance. Let's examine the core elements that define Colony's objective presence in the blockchain space.
1. Core Functionality:
Colony (CLY) operates as a community-centric entity on the Avalanche blockchain, leveraging the unique utility token, CLY, to facilitate decentralized fundraising and liquidity.
2. Web3 Venture Capital Approach:
Colony positions itself as a Web3 venture capital platform, aiming to contribute to the growth of early-stage projects on Avalanche. It emphasizes injecting community-governed funds to enhance existing DeFi protocols and improve liquidity within the ecosystem.
3. Open Governance Framework:
Colony stands out with its commitment to open governance, allowing users to actively participate in decision-making processes. The decentralized autonomous organization (DAO) structure ensures transparency in matters related to capital distribution across various Avalanche projects.
4. Hybrid Utility Token - CLY:
At the center of Colony's operations is CLY, a hybrid utility token designed to reward the community. CLY serves to increase liquidity and value for the Colony platform, fostering a balanced relationship between token holders, protocols, and assets.
5. Validator Program and Capital Distribution:
Colony introduces a validator program, allocating a portion of Colony's (CVL) capital for staking in the Avalanche blockchain. This program provides users with token rewards. Additionally, a significant percentage of the platform's capital is directed towards supporting projects and teams within the Avalanche ecosystem, with a focus on liquidity provision to Avalanche protocols.
6. Dual Mission for Growth:
Colony Lab articulates a dual mission, emphasizing the empowerment of early-stage Avalanche projects and the creation of opportunities for the community. The platform offers critical early-stage capital, ecosystem support, exposure, and a vibrant community for builders and projects. Simultaneously, community members gain access to seed investment opportunities and diverse yield-generating products.
In summary, Colony (CLY) positions itself as a decentralized force within the Avalanche ecosystem, driven by its commitment to community governance, liquidity provision, and support for early-stage projects. The platform's objective approach underscores its role as a facilitator of growth and innovation within the blockchain space.
Colony (CLY) stands out with its community-driven approach, utilizing the CLY utility token to empower projects on the Avalanche blockchain through decentralized fundraising, open governance, and a commitment to enhancing DeFi protocols with improved liquidity.
Founder of this project is Jack du Rose.
