Colu Local Network now listed on Gatecoin

Boris Au Yeung
Gatecoin Blog
Published in
3 min readMay 2, 2018

HONGKONG — 2 May 2018 — Gatecoin has listed Colu Local Network (CLN) on our exchange. You can now trade CLN with BTC and ETH.

More information about Colu Local Network can be found below the following announcements:

Trade CLN with BTC and ETH now!

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The Gatecoin Team is very excited to offer a 30% discount on tickets to BlockO2O Blockchain Summit. 1,500 of the world’s blockpreneurs, financiers, engineers, tokenomists, regulators and visionaries will gather in Hong Kong on May 8–9. You will also have the opportunity to hear from our CEO, Aurelien Menant. BlockO2O will be a fantastic opportunity to meet the most influential members of the blockchain industry!

Use the discount code: SPEAKER30 at checkout to save 30% off the sale price.

What is Colu Local Network?

The millennials, who are first digital-native generation to be born into this world and the largest generation in history, are looking for a safe, quick digital payment system which is ready to use any time of the day but at the same time, they demand a greater control and assurance of personal data. Colu Local Network is a payment system for everyday transactions based around the CLN cryptocurrency wallet. Consumers are able to pay for things using their COLU wallet with participating merchants. Colu Local Network also aims to deliver a collaborative infrastructure that will push the evolution of the payment ecosystem that will meet the current and future end-user needs while improving trust in the safety and certainty of payments. The Colu Local Network will enable communities to create their own ‘local currency token’ which are pegged to the CLN token.

Colu Local Network will utilize blockchain technology to help:

  • Provide economic incentives that will facilitate the development and provision of new services to the network​
  • Provide services in an accessible manner, which will support broad adoption of the technology ​
  • Using economic incentives as a growth engine by facilitating the introduction of community currencies​

What are Colu Local Network (CLN) Tokens?

The CLN is the native token of the COLU Local Network ecosystem. CLN is the community currency in the form of rewards or fees. Institutions will be compensated in CLN for acting as the entry and exit points for fiat currencies whereas both merchants and consumers can be rewarded for transacting using this local currency, with future scope for merchants to develop adoption and loyalty by offering local tokens as rewards for usage as well as special offers.

Who is the team behind Colu Local Network?

For a full list of their team please click here.

Where can I find more information about Colu Local Network?

For any questions regarding this update please refer to our FAQ page.

Thank you for using our service,

The Gatecoin Team

Risk Disclaimer
Trading blockchain assets such as bitcoin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade blockchain assets you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with the trading of digital assets, and seek advice from a licensed financial advisor if you have any specific concerns.

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