MEXC AMA Session with Wessal Er from Colony
Guest : Wessal Er, CMO of Colony
Host: Miranda
Introduction:
Miranda: Today, we’re honored to have Wessal Er, CMO of Colony in our community to give us a more intuitive introduction to their unique project.
Hey Wessal, would you like to tell us little bit about yourself?
Wessal: First of all, a little background about myself.😊
I was actually a Sourcing Manager and data analyst in the nuclear field for a while.
And as a libertarian I’ve been seduced by the blockchain a few years ago and when I dug deeper into it, well I was here to stay. I started as a simple investor and throughout the years, I became more involved and helped some projects with their market research and building marketing strategies based on that. That’s how I ended up joining Colony’s team.
As for the team:
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
Don’t forget to join our channels if you want to stay tuned on the airdrops will be giving to our Community who are staking CLY (Colony’s token) : TaleCraft, Imperium Empires, Platypus, Heroes of NFT, OhFinance, Islander, Kyte and more 🤩
Website : https://www.colonylab.io/
Global : https://t.me/colonyavax
Chinese: https://t.me/colonychinese
Turkish : https://t.me/ColonyTR
Announcements channel : https://t.me/COLONY_Announcement
Twitter : https://twitter.com/Colonylab
Medium : https://medium.com/@Colonylab
Questions from the community:
Q1:
Miranda: What is Colony? Can you share with us more in detail?
Wessal: 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.
Let me illustrate it
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.🤝
Miranda: Hey guys, a reminder here: The subscription period for Colony on MEXC Launchpad is now OPEN!
You have ~24hrs to commit your $MX for $CLY
Entrance : https://mexc.com/launchpads/assessment
Wessal: Yes!! 🤩
Our IDO was about 30 000 participants and the subscription on MEXC are on fire too! This is the chance to join Colony early
Q2:
Miranda: Can you tell us what triggers you to Colony? What are some of the real-world problems/ pain points that Colony aims to solve?
Wessal: This a first in the entire crypto space. Our inclusive DAO introduces a new concept: Ecosystem Farming. Colony, as an Avalanche accelerator, allows investors, thanks to one coin ($CLY), to access the growth of an entire ecosystem (Avalanche). 🔺
For the average investor, it seems almost impossible to invest into projects while they are still in their early stages. 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.
From the start, governance will be actually given to the community with strong incentives aligned with the long-term growth of the ecosystem. And 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. This is very aligned with Avalanche values “Community first”.☝️
So besides the fact that the community will have a seat next to big Vcs, the community has between its hands the power of voting and influence (sharing deal-flow, projects analysis, capital allocation decision making, etc..). They’ll be the one running Colony. 🚀
Projects will be provided with a community from the get-go in addition to funding, network, tech expertise and marketing support.
Miranda: Can see that the community was given lots of powers and privileges.
Q3:
Miranda: Can you tell us the role of $CLY in Colony and its tokenomics?
Wessal: Of course!
$CLY will help boost Avalanche ecosystem growth through: deploying capital within Avalanche on early stages projects, providing liquidity to DeFi protocols, maintaining an Index on top Avalanche projects, and validating networks through stacking capabilities.
And as said before, the value generated by Colony’s investments is routed back to the Community through airdrops, a buyback mechanism, and staking rewards.
This is how Colony will be supporting Avalanche 🔺
But what’s important for our community to understand is:
From the start, governance will be actually given to the community. They will be the ones leading:
🔹Voting:
• Changing the fund Capital allocation.
• Changing the Liquidity Provider program capital allocation.
• Liquidation of token positions.
• Changing index rules, working principles, constituents, etc
🔹Influence:
• Sharing Deal Flow with the Fund Analyst Team.
• Providing Analysis on projects.
• Providing ideas to increase the fund’s participation in the ecosystem.
Q4:
Miranda: Thanks Wessal for above information, are there any exciting news or updates with regards to Colony that you would like to share with the users?
Wessal: Of course! 😊
We just ended our IDO and it was a marvelous success! Almost 30000 registrants and 6,5 M CLY tokens have been sold!! (a raise of $2M).
We are delighted to see such support from the community wanting to join us! As for our IEO, it’s happening today on MEXC and we’re super excited for it!
The listing will happen tomorrow the 8th on MEXC’s platform! The application will be live on our Website and people will need to claim and stake their tokens for 20 days to access at least 7 airdrops in this month and beginning of the year.
An airdrop agenda of Colony’s investments will be shared in the coming few days!! 🤩 (TaleCraft, Imperium Empires, Platypus, Heroes of NFT, OhFinance, Islander, Kyte ..)
More news are coming next week regarding Airdrops from other promising projects!
So be sure to stay tuned on our Telegram Channel: https://t.me/colonyavax
Miranda: And here is Entrance for tonight’s CLY IEO : https://mexc.com/launchpads/assessment
Wessal: The only last chance to join Colony early and receive multiple airdrops before the end of the year! :)
Q5:
Miranda: If you were to summarize your project in ONE word, what would it be? Why?
Wessal: Great question!🤗
Inclusiveness. 👬
Why? Our motto is pretty straightforward: “Community at core for a truly decentralized and democratized financial ecosystem.”
We are utterly supportive of decentralization and subscribe to the ethos of inclusiveness. We believe that community is the lifeblood of our project, nay, of any project.
Colony’s Ecosystem Farming concept will empower the community to invest in early-stage Avalanche projects for the first time, creating an opportunity that was previously open to VCs and angel investors alone. As I said earlier and it’s important to remember it, from the start, governance will be actually given to the community, and 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.
Free-asking Session
Q1. Is your project only for English speaking countries or is there a community for other language users?
Wessal:
Our goal is expand our reach globally so we already started making local communities telegram groups and we have partners from every corner of the world to raise awareness regarding Colony!
Global chat (English): https://t.me/colonyavax
Turkish chat: https://t.me/ColonyTR
Chinese chat: https://t.me/colonychinese
Q2. Where can I buy your tokens now? What are you current contracts and how can I buy them and what are the benefits?
Thank you sir
Wessal:
Our IEO is currently ongoing on MEXC!! You can subscribe and get your CLY tokens, less than 24 hours left! ⏰
Tomorrow Colony will be live trading and you can claim your tokens and stake them on our app.
Q3. Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?
Wessal:
Since the project is community driven, Colony’s name stands for the incredible work that a community can achieve together (like ants). Here’s a fun fact: ant colonies operate without central control. (DAO 😉😉)
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