Review Colony Lab ($CLY) – An innovative proposal to promote Avalanche ecosystem start-ups in 2022

Colony is a Community-driven Accelerator that will evolve into an inclusive DAO in order to accelerate the expansion of Avalanche’s ecosystem. The project was led during a period in which the Avalanche ecosystem regularly offered budget packages to promote the growth of grafts.

What is Colony Lab?

Colony is a brand-new business platform built on cutting-edge principles. It is a new approach to building the next application on the Avalanche ecosystem. Selling feature of this platform is its ability to support and maintain the integrity of any startup.

Outstanding Features

What is the project trying to achieve?

Colony’s vision is rethinking outdated methods and creating new ones to bring traditional finance to DeFi – specifically the Avalanche ecosystem. Colony has set out to build a suitably rewarded basis for the next generation of Avalanche apps. It combines traditional venture finance with a sense of community through open governance, support, and inclusion.

Colony will operate as an accelerator for the Avalanche ecosystem by funding early-stage enterprises and beyond. It will help Avalanche protocols by providing funds to improve liquidity and securing networks by running nodes. The project will also maintain an Index of Avalanche-based projects.

Colony’s Community shall be its heart. Using Colony’s open governance, the Community can transfer capital to the Avalanche ecosystem. Multiple airdrops, a repurchase mechanism, and staking rewards will all be used to return the full worth of Colony’s assets to the Community. Regulating the Avalanche Ecosystem will also allow traditional investors can participate, boosting its growth.

What is the unique selling point?

Colony Structure

The Colony structure is built around two complementary pillars that generate value for users and the community:

The first pillar provides institutional investors

• By adhering to institutional investors’ standards while exploiting blockchain value, admission into the most lucrative stages of a project’s growth is facilitated.
• Colony is inclusive of users by providing access to angel stage investment opportunities through best practices such as airdrops.
• A percentage of these airdrops is reinvested in the fund to maintain its long-term viability and growth.

The second pillar is a decentralized autonomous organization (DAO) 

This “accelerator” is intended to assist the Avalanche network in its evolution into a dominating Layer 1 technology. The primary directives of the Colony DAO are as follows:

• To increase the liquidity of the Avalanche ecosystem
• To track Avalanche’s growing assets through the use of a dedicated index
• To improve the network’s health and security by staking
• The DAO serves as the Colony’s engine and represents our Community’s intellectual and financial interests.

Empowering the AVALANCHE ECOSYSTEM

Colony will help Avalanche protocols by providing funds to improve liquidity and securing networks by running nodes. Colony will also maintain an Index of Avalanche-based projects.

Validator Program

The project will first invest 10% of its cash into AVAX and maintain validator nodes with staking rewards dispersed to the Community. A Community decision can adjust the Validator Program allotment via Colony’s open governance. In addition to subnets, the Community could vote to include other projects in the Validator Program.

Index

The Accelerator Pillar and DAO architecture include the Index. It will rank the top ten Avalanche projects by market capitalization. Allocative flexibility is determined by Governance. For example, Colony may develop future Defi derivative products based on Index allocation. With a 10% capital contribution, Colony intends to let the Community determine which initiatives to fund. Projects based on Avalanche will be proud to be included in the Index as Colony matures.

Early Investment | Private Placement

50% of Colony’s capital will be deployed to support the best teams and projects building on Avalanche, finance their growth and help them to develop efficiently.

LP Program

The LP Program deploys 30% of Colony’s capital to provide liquidity to:

• Selected Defi protocols powering the Avalanche Ecosystem based on yield maximization
• The Community Governance mechanism can vote an allocation to a protocol regardless of yield metrics

The Avalanche Defi ecosystem is growing at an incredible rate and Colony’s LP Program is made to support and capitalize on this emerging trend.

Rewarding the Community

• AIRDROPS MECHANISM: This feature is a world premiere, giving a great incentive to token holders, as they’re building a diversified portfolio on the Avalanche ecosystem by staking their Colony token.
• BUYBACK MECHANISM: This feature creates recurring buying pressure on CLY, while redistributing bought $CLY to the active community members.

Roadmap

Technical Data

Key metrics

• Token name: Colony
• Ticker: CLY
• Blockchain: Updating
• Token Standard: Updating
• Token type: Utility, Governance
• Smart Contract: Updating
• Total Supply: 150,000,000 CLY

Token Allocation 

• Total Token Sales: 105,000,000 CLY (70%)
• Team: 15,000,000 CLY (10%)
• Liquidity Provision: 15,000,000 CLY (10%)
• Community Incentives: 10,500,000 CLY (7%)
• Advisory: 4,500,000 CLY (3%)

Token Sale

IDO on Avalaunch

Recap

• Total CLY for sale: 6,660,000 
• Token Price: $0.3
• Size: $2,000,000
• Vesting: 100% Unlocked

Registration Schedule:

• Registration Opens: 3:00 pm(UTC) Dec 1st, 2021
• at Registration Closes: 6:00 am(UTC) Dec 5th, 2021

Sale Schedule:

• Validator Round Begins: 6:00 am(UTC) Dec 6th, 2021
• Validator Round Closes: 3:00 pm(UTC) Dec 6th, 2021 
• Staking Round Begins: 3:30 am(UTC) Dec 6th, 2021 
• Staking Round Closes: 6:00 am(UTC) Dec 7th, 2021

Avalaunch Sale Distribution

• A minimum of 90% of the sale will go to the community stakers of XAVA.
• 10% or less will be reserved for validators of the Avalanche network.

Note: Instructions to buy IDO on Avalaunch

 IEO on MEXC

Recap

• Total CLY for launchpad: 1,250,000
• Token Price: $0.4
• Token Sale Format: Subscription
• Supported Sessions: MEXC only
• Requirement: Minimum 10 MX holding amount during snapshot period

Subscription Timeline

• MX Position Period from 4:00 pm(UTC) Dec 1st, 2021 to 3:59 pm(UTC) Dec 6th, 2021: How daily position is calculated: Daily average position = Sum on smallest positions held on X days/X days
• Subscription Period from 6:00 am(UTC) Dec 7th, 2021 to 5:59 am(UTC) Dec 8th, 2021: Subscription will open at this time for all eligible users for a 24 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their MX. Users must click on the button to commit a certain amount of MX towards the new project during this subscription period. The max amount of MX users can commit depends on the daily average MX balance in your Spot Account over the 5-day snapshot period.
• The initial rough calculation of each participant’s final token allocation is: (Individual committed MX / Total committed MX by all participants) * Total CLY tokens to be sold on Launchpad.
• The amount of MX to be deducted: (participant’s final token allocation *CLY*0.4USDT) / MX average price
• The average price of MX will be the average closing price from December 2nd, based on the UTC+8 time zone, to December 6th.
• Please note that once committed, your MX will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals, or trading until final token distribution.
• Distribution Period:  12:30 pm(UTC) Dec 8th, token allocation calculation and distribution.
• CLY/USDT Trading: 1:00 pm(UTC) December 8th, 2021

Token Release Schedule

• Seed: 12 month-cliff, 12 month linear vesting
• Private: 10% at TGE, 90-day cliff, 12 months linear vesting
• Public Sale: 100% Unlocked
• Team: 24-month cliff, 12 months linear investing
• Liquidity Provision: 100% Unlocked
• Community Incentives: 27 months linear vesting
• Advisory: 24-month cliff, 12 months linear vesting

Token use case

• Open governance: every member of the ecosystem has a right to a vote
• Liquidity provider reward: users can utilize liquidity provider programs to earn profit

In the future, Colony Lab will update with more use cases for the Colony token.

How to own the token

They will have Community Airdrop (Follow their Twitter and join Discord Community for more information)

Market and Community 

Markets

Colony aims to increase the perceived value of creations on the Avalanche network, and it provides a unique perspective that many people find worthwhile to invest in. At the very least, there is an appealing policy of maintaining a decentralized community-based system of governance. Colony also bridges the gap between traditional finance and Defi in order to encourage wealth generation on the Avalanche network, which will be led by its Community.

Community

Backer

Teams

The Colony team is made up of individuals with decades of combined expertise and a strong track record in the blockchain and traditional finance sectors. In addition to the establishment of ExoAlpha, a systematic crypto Hedge Fund that has amassed a monthly trading volume of half a billion dollars and the publication of over 150 articles in well-known publications, the Colony team is more than prepared to make the project everything it aspires to become.

Partners

Colony is developing its application, which will be the first of its kind in the whole crypto industry. Strong alliances have been formed, and we have begun to process a number of transactions involving interesting projects that are being built on top of Avalanche.

Alternative Project

Updating

Conclusion

As a result of the information coincu has collected and studied, it can be concluded that Colony Lab is a new component of the Avalanche ecosystem that provides assistance for future initiatives. The project’s primary focus is on designating a significant number of tokens to the public sale, with 100 percent of those tokens being unlocked when the project goes public. Because of this, individuals may want to consider investing a sufficient amount of cash to own $CLY on the IDO Avalaunch platform and the Mex Exchange (remember to manage risks)

 

Find more information about the project:

Website: https://www.colonylab.io/

Telegram Announcement: https://t.me/COLONY_Announcement

Telegram Group: https://t.me/colonyavax

Twitter: https://twitter.com/Colonylab

If you have any questions, suggestions, or ideas about the projects, please email ventures@coincu.com.

DISCLAIMER : The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Harry

Coincu Ventures