We want to bridge the gap between the cryptocurrency market and everyday consumers. We’ll bring it into the mainstream by removing the barriers to access, and by helping people trust and understand what we believe to be the future of money.
How will we do it? By connecting everyday purchases through our digital wallet app to a payment network that enables token based incentives.
Connecting Fiat Money and Tokens
Colu has been an active player in the blockchain space since 2012. Our digital wallet app was launched in early 2017 and is now operating in 4 cities in the UK and Israel with 100K users and more than 70K monthly transactions. We are now adding the ability for any community to create a localized currency and use it as a reward for local consumption.
Amos Meiri – Cofounder & CEO
Mark Smargon – Cofounder & VP of Blockchain
David Ring – Cofounder & 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
- Symbol: CLN
- Token sale opening date: 18. Jan 2018 in 15 days
- Token sale closing date: 25. Jan 2018 in 22 days
- Concept: 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.
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- Q4 2017: Presale
- Q1 2018: Token Sale – CLN issuance event. Enabling community currency issuance for CLN token holders. Introducing community currencies to the existing local economies, providing price discovery functionality. Enabling proof-of-receipt mechanism. Enabling external issuers to create community currencies and launch local economies
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. Our rating for this ICO is 7.9 out of 10.0.
Don’t forget to check out our full list of upcoming and ongoing ICOs.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
