Building a decentralized payment system powered by everyday consumption. . Colu Local Network ICO rating – not rated.
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Ended ICO : 18/01/18 – 25/01/18
About Colu Local Network ICO (token sale)
The Colu Local Network (CLN) is a new payment network for local communities that will replace clearing companies and payment processors.
Instead of subjecting consumers and businesses to pay superfluous fees, the CLN will use cryptocurrencies to distribute the savings back to the network’s stakeholders.
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.
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.