In early December, Colony, a community-driven accelerator focused on delivering financing to Avalanche Ecosystem initiatives, will register on the MEXC Global launchpad. Thus making it the platform’s first accelerator to go live. Avalanche (AVAX) is a smart contract-based blockchain network. It prioritises transaction speed, low pricing, and environmental friendliness. The ultimate aim of Avalanche is to produce a scalable blockchain that maintains decentralisation and security.
The Colony, a community-led accelerator that is now growing into an inclusive DAO, has been operating inside the Avalanche environment.
The platform has been giving funding to early-stage Avalanche projects, as well as liquidity to Defi protocols. Additionally, it will operate as an indexing site for Avalanche-based enterprises once it is operational. The community-led strategy keeps the focus on Avalanche and the success of the whole platform, which in turn supports its development.
The colony also has its own native CLY governance coin, which functions as a reward and voting token like other governance tokens. CLY token holders receive investment returns through airdrops, buybacks, and distributed staking incentives. It makes the colony model self-sustaining.
Colony’s CEO, Elie Le Rest, said, “We are delighted to announce that we’ve established close ties with the Avalanche Foundation itself. We’ll be sharing deal flow to create a more fertile ground for projects building on Avalanche, the fastest, highly customizable, smart contracts platform in the blockchain industry. “
The colony is a decentralised venture capital firm that connects the world of venture capital to cryptos. Venture capitalists are gearing up to benefit a limited number of people and are only interested in the ecosystem’s short-term growth. This is where the colony comes in. It has invested from the start by providing the community control over the platform and dispersing the benefits to a larger number of individuals. The colony will be able to publish its token on MEXC Global’s platform, giving them immediate access to more than 7 million users.
MEXC Global and Avalanche
MEXC Global is earning a lot of publicity from the acquisition, thanks to Avalanche’s quick surge to become the 10th largest cryptocurrency this week. It has been a key partner with Avalanche since the beginning. Accordingly, it will continue to bring in high-quality initiatives from the Avalanche ecosystem shortly. The Avalanche Foundation is one of Colony’s largest investors. The foundation has supported the initiative from the beginning, based on a single vision.
MEXC Global has established itself as one of the world’s major cryptocurrency exchanges. One of the reasons for its success is the exchange’s strong focus on customer care. The exchange has also cooperated with several crypto initiatives to further its goals. The MEXC Global Launchpad was one of the exchange’s strategic collaborations in this vein, and it has proved to be beneficial. Since the introduction of the MEXC Global launchpad, the platform has been advocating and launching several cryptocurrency initiatives. The website has posted many projects, and 7 million people can see them, which is unusual.
About MEXC Global
MEXC Global, a digital asset trading platform with over 7 million users, was founded in April 2018. It provides customers with one-stop services such as spot trading, margin, leveraged ETFs, derivatives trading, and staking services. The team’s primary members have experience in the blockchain and financial industries. Additionally, they come from worldwide firms and financial companies.
The colony will have a fantastic opportunity to reach a large audience with its product. If the colony project succeeds, other Avalanche initiatives are hoping to join the fold in the coming days. With Colony’s debut this quarter and capital deployment in the following months, the CLY token will skyrocket in value.
For more information, please visit: www.mexc.com