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 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.
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They believe amazing enterprises act like communities. Inspiring customers & stakeholders around a shared mission. Community currencies & smart contracts can incentivise value creation, lead to new business models and give communities, entrepreneurs & organisations a new way of collaborating.
Re-imagining mobile money
In 2014, there were 255 mobile money services globally, ten years earlier, there were 4. With the decentralised CLN, blockchain technology, and ever more secure wallets, communities globally will have the ability to create & retain their own wealth.
Providing liquidity for communities
The provide tools for launching and managing community currencies within your city, product or service.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.
Local on a global scale
Any community or service, large or small, can access decentralised tools, services and financial instruments usually reserved for behemoths.
Organic growth engine
Use your community currency to bring your customers, partners and affiliates together at a local, or digital level, to inspire collaboration & growth.
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