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About Colony

Colony (CLY) is a community-driven project based on the Avalanche ecosystem. Community is at the heart and center of the platform that is powered by Colony’s utility token, CLY. Avalanche is an open-sourced decentralized blockchain aiming to facilitate quicker and low-cost transactions. Hence, Colony (CLY) seeks to remodel projects, specifically on Avalanche, by putting in funds entirely governed by the community. Further, the platform envisions restructuring systems that are relatively out-of-date with innovative and new systems to improve the benefits availed from DeFi (decentralized finance) for the Avalanche users. 

Colony (CLY) seeks to stand out as a Web3 venture capital. The platform aims to provide early-stage funding to projects built on Avalanche. Also, Colony (CLY) intends to upgrade the already existing DeFi protocols on Avalanche with better liquidity. Above all, Colony (CLY) is a community-driven platform putting the basics of open governance into practice. Open governance involves the platform to allow users to vote in matters of capital distribution on various projects and applications in the Avalanche ecosystem.

Further, Colony (CLY) wishes to execute a decentralized autonomous organization (DAO) structure to upgrade and decentralize the platform. At the core of the platform, CLY is a unique hybrid utility token designed to reward the community. The token is utilized to seek to increase liquidity and value for Colony (CLY). Finally, the token aims to establish harmony between the token holders, protocols, and assets.

The platform introduces a validator program that allows 10% of the Colony’s (CVL) capital to be distributed in the Avalanche blockchain. Further, the capital is put to staking, benefiting users with token rewards. Also, 50% of the platform’s capital is distributed among projects and teams working specifically on Avalanche. Finally, Colony (CVL) desires to utilize 30% capital as added liquidity to protocols created on Avalanche. 

Elie Le Rest is the CEO at Colony (CVL). He is also the cofounder of ExoAlpha and has successfully structured several utility token projects, blockchain projects, and asset deals. 

Market

Brazil Market Stats

Market cap

R$107.5M

Volume (24h)

R$1.5M

Circulating supply

104.3M CLY

All time high

R$1.92

Price change (1h)

-4.62%

Price change (24h)

+5.07%

Price change (7d)

+3.25%

Brazil News about Colony

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The Block • May 02, 24

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BeInCrypto • May 02, 24

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The Defiant • May 02, 24

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Colony is on the rise this week.

The price of Colony has decreased by 4.62% in the last hour and increased by 5.07% in the past 24 hours. Colony’s price has also risen by 3.25% in the past week. The current price is R$1.03 per CLY with a 24-hour trading volume of R$1.50M. Currently, Colony is valued at 46.29% below its all time high of R$1.92. This all-time high was the highest price paid for Colony since its launch.

The current circulating supply of Colony is 104,284,021.221 CLY which means that Colony has as total market cap of 104,284,021.221.

FAQ

What is the current price of Colony?

We update our Colony to BRL currency in real-time. Get the live price of Colony on Coinbase.

What is the market cap of Colony?

The current market cap of Colony is R$107.48M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Colony?

The all-time high of Colony is R$1.92. This all-time high is highest price paid for Colony since it was launched.

What is the 24 hour trading volume of Colony?

Over the last 24 hours, the trading volume of Colony is R$1.50M.

What other assets are similar to Colony?

Assets that have a similar market cap to Colony include Galaxy War, Babylons, Sekuritance, and many others. To see a full list, see our comparable market cap assets.

How many Colony are there?

The current circulating supply of Colony is 104 million.

Can I buy Colony on Coinbase?

No, Colony is not currently available on Coinbase, but you can sign up to get the latest news on Colony and be notified when it gets added to our exchange.