Colony will launch Token sales on the Ethereum mainnet

January 13, 2022 – Colony, the leading DAO operating system, will conduct a token sale via Copper's Token Launch Auction (TLA) from January 25-28, 2022.

About Metacolony and CLNY

Colony is raising funds with the sole goal of creating Metacolony, a DAO project responsible for maintaining, continuing development, and supporting Colony's ambitious roadmap. Metacolony will also create a thriving ecosystem.

CLNY is Metacolony's native token and is required for governance staking, revenue sharing, reputation mining, and fee auctions.

About this Token sale

CLNY will be sold through the Token Launch Auction (TLA) on Copper, an open and transparent token launch auction platform that utilizes Balancer's liquidity Bootstrapping Pools (Balancer's Liquidity Bootstrapping Pools, referred to as LBPs).

In TLA, the price of Token starts at a high level and then declines according to a pre-configured price decay curve, which can be adjusted by the buying pressure of auction participants Resistance regulation. Anyone can freely buy or sell auctions at any time, truly realizing self-regulation of prices.

‍Because Copper's Token launch auction is public and does not require certification. That means no whitelists, no hard limits, and no listing requirements. There is no minimum or maximum allocation.

Token Launch Auction: A Quick Fact

Platform: https://copperlaunch.com 

Start: Tuesday, January 25th at 12:00pm UTC < /p>

End: Friday, January 28, 12:00 PM UTC 

Participate in the purchase of Token: USDC (Stablecoin) 

Initial CLNY: 10,000,000  ;

Initial USDC: 1,000,000 

Start weight: CLNY 95: USDC 5 

Final weight: CLNY 50: USDC 50 

Pre-registration required: No

KYC certification required: No

Supported encrypted wallets: MetaMask, Wallet Connect, Gnosis Safe and Ledger.

Related Links

Token sale page: colony.io/clny-sale

FAQ: blog.colony.io/token-sale-faq

Token economics: blog.colony.io/clny-supply/

Project Roadmap: portal.productboard.com/colony/1-colony-portal/tabs/2-planned

Twitter: @joincolony

Discord: https://discord.gg/jdxQe8he7J

Media Contact

Leon Phang, Chief Marketing Officer, Colony - leon@colony.io

About Colony

Colony's goal is to be a powerful, practical, and easy-to-use DAO operating system—simple enough for beginners, but not enough for complex DAO forms. Saying is strong enough. Founded by Jack du Rose in 2014, the project was one of the first to launch on Ethereum. Investors include Greenfield One, Eden Block, The LAO, Continue Capital, Signum Capital, LD Capital and Bixin.

Colony opens its software platform to the public in November 2021. Colony contains more than 20 software functions, including Token creation, a complex reputation system, its pioneering "lazy consensus" governance system, and Coin Machine (the fastest and easiest way to sell Tokens in DAO projects). Colony's reputation system can now also be used alongside Snapshot, and a robust two-sided integration with the multisig wallet Gnosis Safe is currently being developed, allowing mutual control between Safe and Colony.

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