The Avalanche Foundation invests in Colony!
It is a great honor that Colony, a first of its kind community driven fund, has received investment and support from the Avalanche Foundation. We are delighted to announce that we’ve established close ties with the organization, and we’ll be sharing 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.
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.
The entire Avalanche ecosystem was formed for the development of DeFi. And a truly decentralized and democratized financial ecosystem, puts the community at the heart of its mechanism. Colony is here to help achieve this vision.
Colony delivers an incentivized foundation for novel applications on the Avalanche platform with a first of its kind funding mechanism. It combines traditional venture capital and the power of blockchain-based community with open governance, support, and inclusion. It’s the future.
As a community-driven Avalanche ecosystem accelerator powered by Colony’s CLY token, the protocol provides early-stage funding to Avalanche built projects, liquidity to existing Avalanche DeFi protocols, purchases and stakes Avalanche (AVAX) and upcoming subnet tokens. As for our open governance mechanism, it ensures capital is allocated across the Avalanche ecosystem for its sole benefit. The true sustenance and value generated by Colony’s investments routed back to the Community through airdrops, a buyback mechanism, and staking rewards.
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