Avax_Daily hosts Colony: #Defi #Colony #yieldfarm #AvaxDaily #AVAX
Avax_Daily Admin: Hello and welcome, how are you today?
W: Hello there everyone! It’s a pleasure to be here! 😊
Avax_Daily Admin: Happy to hear! Ready to start our AMA?
W: Yes I am! Let’s get into this!
Q1: Now to start the AMA, please have a quick introduction to the community. What is Colony all about? Story behind?
W: In simple terms, Colony is a community-driven Accelerator, evolving into a DAO, to boost Avalanche’s ecosystem growth. Powered by a governance token: $CLY. 🔺
Our Mission? 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.
Our open governance mechanism ensures capital is allocated across the Avalanche ecosystem for its sole benefit. The true sustenance and value generated by Colony’s investments is routed back to the Community 🤝, through airdrops, a buyback mechanism, and staking rewards.
This a first in the entire crypto space! 🤩
Our Inclusive DAO introduces a new concept: Ecosystem Farming. We’re solely focused on Avalanche and our beating heart is the Community. For the average investor, it seems almost impossible to invest into projects while they are still in their early stages, let alone when they are at the ground level of development. These types of investments are generally restricted to VCs, angel Investors, and so on. Colony conceptualized a revolutionary approach, in which this gap can be bridged.
Q2: Can you tell us a bit about the team and their experience with crypto projects?
W: Colony’s Team is composed of experts with decades of experience and pedigree in the blockchain, and traditional finance space. With the founding of ExoAlpha, a systematic crypto Hedge Fund that has amassed a trading volume of half a billion dollars per month and with over 150 published articles in well-known publications, the team is more than ready to make Colony everything it means to be. 🚀
Not only has every member of the team been involved in finance or crypto since the very beginning, but members are active within the community today, and their insight into emerging markets and the latest trends is invaluable. You can read more about each team member here: https://t.me/colonyavax/784
Q3: Can you walk us through the uniqueness of Colony?
W: As I said this is a first-of-its-kind mechanism in the entire crypto space. We have no competitors within the Avalanche ecosystem. There are slightly similar projects on Ethereum for example, but they are way less inclusive, like the LAO. We are delighted to be the first of its kind community-driven fund 🙂
Traditional Venture Capital firms are highly centralized and only benefit their LPs and are not fully aligned with the long-term growth of the ecosystem due to a mismatch between the fund lifespan and the one of the ecosystem. Colony shifts this paradigm upside down: from the start, governance is given to the community with strong incentives aligned with the long-term growth of the ecosystem!
Community has access to early-stage projects (seed and private rounds) next to big VCs. Community has between its hands the power of voting and the influence (sharing deal-flow, projects analysis, capital allocation decision making, etc..).
The users will be able to buy their token CLY on CEX and DEX and then stake them on Colony’s App. Staking the tokens (minimum amount x token CLY for x days at least) will allow them to access all of the app features. Of course, all the created value will be rerouted back to the Community, through Avalanche staking rewards, Liquidity provider rewards and Tokens via airdrop of early-stage Colony-funded projects.
What The Community needs to understand is that they will be the ones leading:
• Changing the fund Capital allocation.
• Changing the Liquidity Provider program capital allocation.
• Liquidation of token positions.
• Changing index rules, working principles, constituents, etc
• Sharing Deal Flow with the Fund Analyst Team.
• Providing Analysis on projects.
• Providing ideas to increase the fund’s participation in the ecosystem.
Q4: Let’s share with us your Airdrop & Buyback mechanisms.
W: Very simply put… The airdrop mechanism will be giving a great incentive to token holders, as they’re building a diversified portfolio on the Avalanche ecosystem by staking their Colony token.
Colony invests in projects at their early stage, and these received tokens are airdropped to our community members… in other words the community gets a seat next to big VCs and angels investors in private and seed rounds.
As for Buyback mechanism, this feature creates recurring buying pressure on CLY, while redistributing bought $CLY to the active community members. (from Liquidity providing performances)
Q5: Let’s dive into your token. Tokenomics & use cases? Where and how can the community buy your token?
W: That’s a good question! We just announced our IDO on Avalaunch yesterday and IEO on Mexc today, let me share the links
You’ll find in the tweet an article with all of the tokenomics and how to participate in the IDO.
same thing goes for the IEO on Mexc.
Q6: Let’s talk about partnerships & influencers that you are collaborating with.
W: We’ve made a lot of announcements regarding our partners and backers.
I’d like really to like to highlight that establishing close ties with the Avalanche Foundation is strategic pillar. Why? Well, 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 are Avalaunch, Shima Capital, Hashkey, Avatar, Yield Yak, NGC Ventures, Spark Digital Capital, MEXC Global, Synaps and ZBS Capital…
You can check more about the partnerships directly on our Twitter.
Q7: Could you give us some information about your roadmap, your milestones, and also your future plans?
W: Here’s our roadmap!
What’s coming next is that we will be live next week and our first application features will be available for our community members.
who can expect the following: Avalanche staking rewards, Liquidity provider rewards and Tokens via airdrops of early-stage Colony funded projects.
Other features of the Application will be available in the next 6-12 months such as the deal flow sharing/analysis and the voting mechanisms.
We’re also implementing Colony’s studio which is a platform where supply meets demand regarding developers or marketing experts. One can add his information, experiences and key competencies and see if he/she meets a demand. Projects can scroll through and discover these experts profiles easily.
There is plenty of stuff I could talk about, but I’d love to share these in more detail with our community in the coming weeks/months!
Q8: Where can we find out more about Colony on social media?
W: Here are all our social media links: 🤗
Avax_Daily Admin: With this, we are now at the end of our AMA session with Colony.
Time for wrapping up, any last words you would like to say to our community?
W: It’s been a pleasure being among you today! 🙂 Come and get to know more about Colony on our Telegram channel: https://t.me/colonyavax
A system build for the community by the community! 🙂
Avax_Daily Admin: Thank you so much for spending time with our community & all the very best for Colony