Recap AMA Colony (20/10/2021)

On October 20th 2021, our community had a chance to welcome Colony  

This AMA was held by Azcoinvest Group – the crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space. 

At this AMA, the Colony directly greeted the community and provided detailed information on PolkaBridge as well as some key products and future plans.

Time: 08:00 PM (UTC + 7) on Wednesday, Oct 20th, 2021

Venue: https://t.me/azcoinvest 

Airdrop 100 USDT for the best questions in the AMA

Colony
AMA Colony

Below are some main points of this AMA:

Question for Part 1- Project overview

Question 1: To give us a general understanding about Colony, can you briefly introduce about your project and your team’s background. What was the occasion that brought you to the blockchain industry?

 

Colony:I’m Elie! Colony’s CEO, I’m also partner and Co-founder at ExoAlpha, a Hedge Fund with systematic quantitative strategies; long-short exposure to Bitcoin & Ethereum. I’ve gotten in the crypto system since 2013 for the outstanding technology behind it and throughout the years, I’ve structured several digital assets deals, advised security/utility token projects and private corporate blockchain projects. My past traditional finance experiences include Asset and Wealth Management in Paris, New-York, at big firms like UBS and Credit Agricole. I’ve also built a crypto quantitative arbitrage trading algorithm in 2016. Last year I wanted to get more involved in the ecosystem and wanted to build a community driven initiative to empower Avalanche’s growth. This is how Colony’s idea was born.

Colony is a community-driven Avalanche ecosystem accelerator, powered by Colony’s CLY token and our mission is:  Investing across the Avalanche ecosystem, financing early-stage projects, providing liquidity to Defi Protocols, staking & index!

Our open governance mechanism ensures capital is allocated across the Avalanche ecosystem for its sole benefit. The value generated by Colony’s investments is routed back to the Community through airdrops, a buyback mechanism, and staking rewards.

Colony is a community-driven Avalanche ecosystem accelerator, powered by Colony’s CLY token and our mission is:  Investing across the Avalanche ecosystem, financing early-stage projects, providing liquidity to Defi Protocols, staking & index!

Our open governance mechanism ensures capital is allocated across the Avalanche ecosystem for its sole benefit. The value generated by Colony’s investments is routed back to the Community through airdrops, a buyback mechanism, and staking rewards.

As for Colony’s Team, it 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

 

Question 2: Can you share with us some main points in your marketing strategy. Where is your targeted market and do you plan to achieve mass adoption in the Vietnam market?

 

Colony:We want to expand the project globally. Community is the beating heart of Colony. Building exposure, visibility and reaching communities in every corner of the world is a priority for us. Multiple AMAs are planned with key players in the ecosystem, we have on our side KOLs and well-known influencers within the crypto space. We want to gain exposure globally and adapt to the community needs to allow them to take part in our journey. Again, Colony is a project built by the Community for the community. 

 

As for the mass-adoption:

We want to empower the growth of the avalanche ecosystem, non-crypto users are not really aware of what the avalanche ecosystem is. For now, Colony will attract only crypto users but very soon, we’ll be able to onboard institutional investors as Colony deploy capital through a regulated framework that we will announce next year. So crypto users first, and non-crypto users second, but we definitely want to contribute to mainstream adoption.

 

Question 3: What are the four keywords that you would use to summarize Colony’s performance in 2021?

 

Colony:

I think the 4 keywords would be:

Performance

Community

Early-Stage

Avalanche

Colony will invest in early-stage projects on the Avalanche ecosystem. We will then airdrops the token aquired to our community once the project’s token is tradable. This is a new way of enabling communities to participate in early stage deals

 

Questions for Part 2 – Pre-collected questions from Twitter:

Question 1: As a very young and new project, how can Colony convince crypto users that your project is a project with lots of potentials and how will you strike the balance between whales and small investors in order to fairly support and protect both ?

 

Colony:Colony is a new project and our private sale was open to our community. We want to give a chance to everyone to become an early supporter and this process will limit the whale effect. In the long run, whales are inevitable because Colony token will be traded in a free market on centralized and decentralized exchanges.

In terms of voting we’ll compare average and median voting answers to avoid market manipulation from large holders that have bad intentions.

You can read more about Colony through these links, you’ll see how the Community is in the very heart of our mechanism.

Website : https://www.colonylab.io/ 

Twitter : https://twitter.com/Colonylab  

Telegram Global : https://t.me/colonyavax 

Telegram Announcement : https://t.me/COLONY_Announcement 

 

Question 2: Why does Colony choose to be built and support projects developed on Avalanche? Which points make you believe in Avalanche and its potential compared to other ecosystems such as BSC, ETH…? @rd_Ponyo

 

Colony:I’ve been in crypto since 2013, I’ve seen many projects building new base layers for the future of Web3. When I came across the Avalanche network a year ago, I felt that this was the right one. The technological breakthrough powering the consensus and the subnet customizability built on top was the perfect combo: being able to scale with high decentralization. I could talk about it for hours, but what’s important is to support people building on this new base layer that is the most technologically advanced and this is the mission of Colony and its community.

Question 3:Can you share about your DAO integration plan? When will it be introduced and what are the key features of it? Also how can Colony Token holders benefit from its incentive models? @RocketKid10

 

Colony:Colony does aim at decentralizing its infrastructure overtime to build a full DAO. DAO are complex to build, you want to make sure they are secured to protect the community’s capital. Some parts of Colony will be easier to decentralize than others. For example the staking program is easy to decentralize but early stage investments are not. We just know that we cannot build a DAO overnight and we want to build the DAO alongside the community feedback. That is to say, around Q4 of 2022 Colony will evolve towards a DAO model with its own subnet on Avalanche, building new incentive models for Colony’s Token Holders.

The CLY token will be used to power the community driven governance, allowing token holders to vote and have influence on the capital allocation of Colony :

Voting :

– Changing the fund capital allocation.

– Changing the LP program capital allocation.

– Liquidation of token positions.

– Changing index rules, working principles, constituents, etc

Influencing: 

– Sharing Deal Flow with the Fund Analyst Team.

– Providing Analysis on projects.

– Providing ideas to increase the fund’s participation in the ecosystem.

I hope you can better understand Colony’s DAO structure now 😉

 

Question 4: I see that Colony has collaborated with Avalanche through the seed round investment. This is very good news as having such a strong backer will ensure the gradual development for one project. Can I ask what are the most important benefits that Avalanche gives Colony? @QuinThow

 

Colony:Our partnership with Avalanche allows us to share deal flow 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 for example.

 

Funding is needed to launch projects, but there are other critical pillars that condition their success: 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.

 

You can check more details about this through this link : 

https://medium.com/@Colonylab/the-avalanche-foundation-invests-in-colony-a23ca04c260e 

 

Question 5: What are Colony’s criteria in choosing the project to invest and support? Is there any way that the community can involve in and suggest the projects that they see potential?? @KhoaTran983

 

Colony:The Community is the beating heart of Colony. Our CLY token will be used to power the community driven governance, allowing token holders to vote and have influence on the capital allocation of Colony. As said before, for example, the community can change the fund capital allocation, provide ideas to increase the fund’s participation in the ecosystem and even provide analysis on projects!

There will be no strict criterias, we want to give our community the ability to make the decision. Colony’s core team will structure deals to make sure a professional approach is taken towards investments

 

PART 3: BEST LIVE QUESTIONS AZCOINVEST GROUP

Question 1: Where I can get the latest updates or more information about the project?

 

Colony:You can find on our website the link to register to our newsletter. Here is the link to access it: https://colonylab.io/  

The best way to stay in touch is also to join our telegram chat especially: https://t.me/colonyavax   

You can also join our announcement channel https://t.me/COLONY_Announcement 

Feel free to follow Colony on Twitter as well, we announced big news yesterday: https://twitter.com/Colonylab/status/1450463035592749062 

 

Question 2: Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?

 

Colony:You can check our video with MEXC regarding the project : a lot of cool information has been shared in it !

https://twitter.com/Colonylab/status/1445394111310311434

 

Question 3:What is the meaning of the name of the project and why did you name it that way?

 

Colony:Colony is a community driven project to foster the growth of the Avalanche ecosystem, by the community and for the community. So, Colony comes from this idea of a community getting together to achieve something bigger than themselves. Join our telegram to be part of this journey

 

Question 4:Is your platform suitable for crypto beginners? Or does it only limited for professional users? 

 

Colony:Colony is building a platform with a great User Experience to make sure it is easy to use for everyone. Beginners will be able to stake their colony token, they will then receive over time, multiple airdrops of promising projects building on top of the Avalanche ecosystem. Perfect for beginners, just one coin to stake, to receive plenty. For more confirmed and professional users of crypto, Colony will allow open governance, where community members will be able to participate in projects, analysis and decide if an investment should be made or not. Colony will be accessible to everyone, the level of involvement will depend on one’s will.

 

Question 5:Can you share to us your tokenomics? How much is the total and circulation supply of your tokens? Will there be buy back system or token burning in the future? 

 

Colony:The total Supply is 150 million tokens, there will be no vesting schedule for the public sale. The private sale will be open to the public in the coming days to the people on our telegram channel, there will be 10% available at TGE, then 15% at the end of the first quarter. After that 25% will be released at the end of every quarter. Seed round participants are locked for 2 years and team and advisors for 3 years. 

 

There is a Buy back system on Colony: all the profits from the liquidity providing program will be used to buy back Colony token on the market, thus creating this recurring buying pressure, creating a good mechanism for the price to grow over time. Token burning features might be implemented in the future alongside our subnet switch

 

Website : https://www.colonylab.io/ 

Twitter : https://twitter.com/Colonylab  

Telegram Global : https://t.me/colonyavax 

Telegram Announcement : https://t.me/COLONY_Announcement 

 

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