Description
Colu is a blockchain-powered platform that focuses on the stimulation of local economies through the promotion of local digital currencies, utilizing the Ethereum blockchain for the creation, distribution, and management of these currencies. Aimed at supporting small businesses and ensuring financial resources remain within local communities, Colu fosters economic growth and community engagement by incentivizing users with rewards. The Colu Local Network (CLN) enables both businesses and individuals to partake in a decentralized payment system, enhancing local economic activity while ensuring transactional transparency, security, and efficiency thanks to blockchain technology. With its digital wallet app operating in 4 cities across the UK and Israel, serving 100K users and facilitating over 70K transactions monthly, Colu has established a substantial presence in the blockchain space since its inception in 2012. The platform's capacity to allow any community to create its local currency fosters a sense of belonging and mutual responsibility, thereby multiplying local economic activities and reinforcing the local economy. The CLN token, an ERC-20 token issued on the Ethereum net...
Colu is a blockchain-powered platform that focuses on the stimulation of local economies through the promotion of local digital currencies, utilizing the Ethereum blockchain for the creation, distribution, and management of these currencies. Aimed at supporting small businesses and ensuring financial resources remain within local communities, Colu fosters economic growth and community engagement by incentivizing users with rewards. The Colu Local Network (CLN) enables both businesses and individuals to partake in a decentralized payment system, enhancing local economic activity while ensuring transactional transparency, security, and efficiency thanks to blockchain technology. With its digital wallet app operating in 4 cities across the UK and Israel, serving 100K users and facilitating over 70K transactions monthly, Colu has established a substantial presence in the blockchain space since its inception in 2012. The platform's capacity to allow any community to create its local currency fosters a sense of belonging and mutual responsibility, thereby multiplying local economic activities and reinforcing the local economy. The CLN token, an ERC-20 token issued on the Ethereum net...
