What is it?

The CLN is a payment system that is powered by everyday consumption. The network allows communities to issue their own currency and use it to incentivise merchants and consumers for buying and selling locally with fiat. The CLN aims to utilize the power of cryptocurrencies to create a better, more transparent payment system and encourage local spending to keep more money circulating in the community.

Official Explainer Video

Colu Local Network Details

Blockchain Ethereum (ERC20)
Team Location Tel Aviv, Israel
First Announced November 2, 2017

Main ICO Details

Pre-ICO Start Date Nov 2, 2017
Pre-ICO End Date Jan 17
Pre-ICO Hard Cap $25,000,000 USD
Investor Supply 262,500,000 CLN

Pre ICO Details

Registration Required
KYC Required
ICO Start Date Date Feb 14
ICO End Date Feb 18
Total Raised $20,000,000 USD
Hard Cap $25,000,000 USD
Total Supply 1,500,000,000 CLN
Investor Supply 262,500,000 CLN
ICO Conversion 1 CLN = 0.095 USD
Supply Distribution 35% Token Sale Event Pool 30% Community Pool 29% Future Development Pool (3 years lockup) 6% Team Pool

Colu Local Network Founding Team

Amos Meiri

Co-founder & CEO

Mark Smargon

Co founder & VP of blockchain

David Ring

Co-Founder & VP Finance

Dan Ariely

CBO

Elad Shabi

Director of Business Operations

Maya Grossman

Director of Marketing

Leora Bachrach

Head of HR

Rotem Lev

CTO

Dana Heller

Chief Economics and Regulation Officer

Valery Zhurbenko

DevOps Lead

Tal Beja

Infrastructure Lead

Dotan Hershkovitz

TVL Marketing Lead