Colu Local Network

A Decentralized Payment Network Powered by Communities

To view communities

Open Community Finance

Colu Local Network enables growing communities from the bottom-up using a public, decentralized financial ecosystem powered by community currencies.

Providing liquidity
for local economies

Provide tools for bootstrapping new communities and financial services that will make
them sustainable

Local on a
global scale

Reducing geographical
and economical barriers so even tiny economies can now be part of the global
financial marketplace

Organic
growth engine

Use community
currencies to incentivize buying with fiat at local merchants. Turn every
user into a stakeholder

CLN

Re-imagining
community finance

Community currencies aim to use money as a tool to achieve social objectives. Blockchain technology allows to create a more inclusive monetary system that could bring a new level of transparency to community currency issuers, and provide the distribution platform for financial service providers.

Check out the first community currencies issued on the
CLN network

LAUNCH DAPP

NameColu Local Network

SymbolCLN

BlockchainEthereum

Circulating supply621,918,370 CLN

Total supply1,540,701,333 CLN

Contract

0x4162178b78d6985480a308b2190ee5517460406d

VIEW ON CMC

Stakeholders in The CLN Network

The CLN allows a new type of collaboration between stakeholders. Aligning interests for the on going open-source development of the platform, and allows to govern and coordinate a large group of users and service providers.

Users

The CLN network will not only provide the means for users to transact without centralized systems, but also become an active participant in the
success of their local economy while having
control over their data and interactions with
their local businesses.

Community Currency Issuers

Providing the tools for any business entity, institution or individual to use the CLN network to issue a community currency and provide its liquidity to create a growth engine for the local network.

Developers &
Service Providers

Developers and service providers can build tools and provide services on the CLN, enhancing its capabilities. Such as credit providers, tools for merchants integrators to POS systems and more.

For our developer wiki, click here

Financial Gateways

Act as entry and exit points for fiat currencies. Connect the consumers to traditional banking services. Compensated for their services in
CLN or community currencies.

For inquiries, contact us

Use-Cases

A Community Piggy Bank

The fee that was previously collected by credit card companies will now be instantly exchanged to community currency and will be put in a community reserve for the use of the community.

Payment Processing

Moving the world to push payments vs pull payments will require a set of tools like recurring payments, refunds, invoicing and more capabilities that are enabled by smart contract technology.

Consumer Protection

By introducing 3rd party service providers that can act as mediators and improving data-flow, consumer protection could be provided without incurring heavy costs on merchants.

POS Financing

Credit providers that access the CLN network can provide ad-hoc financing solutions at the Point-of-Sale. Consumers will enjoy fast credit with reduced friction.