Welcome to Colony’s monthly newsletter, where we share the latest news, important upcoming events, and relevant information regarding our company and community.
What is Colony?
A community driven fund, evolving into a DAO, to boost Avalanche’s ecosystem growth. Powered by a governance token: $CLY.
Colony will deploy capital within Avalanche on early stages projects, provide liquidity to DeFi protocols, maintain an Index on top Avalanche projects, and validate networks through stacking capabilities.
We officially announced that Colony has successfully raised over one million dollars in seed funding co-led by GBV Capital, Foresight Ventures and the Avalanche Foundation.
Establishing close ties with the Avalanche Foundation was a strategic pillar. Colony will be sharing deal flow with the organization to create a more fertile ground for projects building on Avalanche, while including the community in their development. Projects will thus be provided with an initial community from the get-go. In addition to funding, there are other critical pillars that condition the success of projects: marketing, tech expertise, community, momentum, and of course, network. Working alongside the Avalanche Foundation and other key players of the ecosystem, Colony will empower projects building on Avalanche to reach their full potential.
Other strategic investors who participated in the Seed Round are Avalaunch, Avatar, Yield Yak, NGC Ventures, Spark Digital Capital, MEXC Global, Synaps and ZBS Capital.
Colony’s Private Sale was open to our early community members, and we were more than delighted to witness the marvelous interest and support that our community holds for the project.
Colony is all about its community, and the first stage deal of ours was Colony itself. We wanted to reward our early supporters with access to Colony’s growth from the very start of our journey.
The Private Sale Whitelist is now closed and we’re currently onboarding the participants.
Early-stage projects investments:
Colony already started deploying capital to support early-stage projects built/building on Avalanche and help them develop efficiently. The community will benefit from these early-stage investments with an Airdrop Mechanism when Colony’s Application is live. 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. Further announcements will be made during November regarding this.
A variety of international AMAs took place during October to raise awareness about Colony’s vision and what we’ll bring to the Avalanche ecosystem. From Asian communities to Russian ones, we’re doing our best to expand our reach globally.
What is to come?
Marketing campaigns shall continue during November, with a variety of AMAs already scheduled. Lots of information regarding the private sale investors, partnerships, and future developments will be released.
As for our Public Sale IDO/IEO, further announcements will be made during November regarding this, so be sure to follow us on social media so you don’t miss it.