Colu Local Network

Bringing Cryptocurrencies to Everyday Payments
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. The CLN is a payment system that is powered by everyday consumption. The network allows communities to issue their own currency and use it to incentivise merchants and consumers for buying and selling locally with fiat. The CLN aims to utilize the power of cryptocurrencies to create a better, more transparent payment system and strengthen the sense of mutual responsibility in the community. This encourages local spending and keeps more money circulating in the community, thus multiplying the local economic activity. The CLN token is the first currency attached to real life consumption. The token will be issued on the Ethereum network as an ERC-20 token and will provide access to the CLN network and will enable communities to bootstrap. It will also represent an index value of the community currencies issued on the network and provide instant liquidity to new currencies.
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2.5
4.7
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4.4

ICO DETAIL

~$23,000,000 raised
Status
past
Token
CLN
Price
1 CLN = 0.095 USD
Hardcap
50,000,000 USD
Softcap
30,000,000 USD
Raised
23,000,000 USD
Platform
Ethereum
Accepting
ETH
Country
Israel
Whitelist/KYC
KYC & WHITELIST
Restricted ?
NO.

About Colu Local Network

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.
 

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