MEXC Global Will Launch the 4th Session of Launchpad with Colony(CLY)

The 4th session MEXC Launchpad is launching! Unique space for potential future, exclusively for MX holders. The project for this session is Colony (CLY).

MEXC Launchpad provides users worldwide with a low-cost opportunity to invest early in project tokens.

MEXC will record the user MX holding amount for 5 days, from 2021–12–1 16:00 (UTC) to 2021–12–6 15:59 (UTC). The max amount of MX you can commit depends on the daily average MX balance in your Spot Account over the 5-day snapshot period.

Participation link for CLY:

MEXC Launchpad:https://www.mexc.com/launchpads/assessment

Colony Token Sale Details:

  • Token Name: Colony (CLY)
  • Total Token Supply: 150,000,000 CLY
  • Total Tokens Allocated to MEXC Launchpad: 1,250,000 CLY
  • Public Sale Token Price: 1 CLY= 0.4 USDT
  • Token Sale Format: Subscription
  • Supported Sessions: MEXC only
  • Requirement: Minimum 10 MX holding amount during snapshot period

Subscription Timeline:

  • MX Position Period 2021–12–1 16:00 (UTC) to 2021–12–6 15:59 (UTC)
    How daily position is calculated: Daily average position = Sum on smallest positions held on X days/X days
  • Subscription Period 2021–12–7 11:30 (UTC) to 2021–12–8 11:30 (UTC): Subscription will open at this time for all eligible users for a 24 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their MX.
    You must click on the button to commit a certain amount of MX towards the new project during this subscription period. The max amount of MX you can commit depends on the daily average MX balance in your Spot Account over the 5-day snapshot period.
  • The initial rough calculation of each participant’s final token allocation is:
    Individual committed MX / Total committed MX by all participants) * Total CLY tokens to be sold on Launchpad.
  • The amount of MX to be deducted= (participant’s final token allocation *CLY*0.4USDT) / MX average price
  • The average price of MX will be the average closing price from December 2, based on the UTC+8 time zone, to December 6.

Please note that once committed, your MX will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.

  • Distribution Period 2021–12–8 12:30 (UTC): token allocation calculation and distribution.
  • CLY/USDT Trading: 13:00, December 8 (UTC)

Project Introduction

Colony is a community driven Accelerator, evolving into a DAO, to boost Avalanche’s ecosystem growth. Powered by a governance token: $CLY.

Colony will deploy capital within Avalanche on early stages projects, provide liquidity to DeFi protocols, maintain an Index on top Avalanche projects, and validate networks through stacking capabilities.

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

Project Highlights

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. Colony’s Governance allows the community to leverage its knowledge, actions and will.

In other words, traditional Venture Capital firms are highly centralized and only benefit their LPs and are not fully aligned with the long-term growth of the ecosystem due to a mismatch between the fund lifespan and the one of the ecosystem. Colony shifts this paradigm upside down: from the start, governance is given to the community with strong incentives aligned with the long-term growth of the ecosystem.

A first in the entire crypto space. Our Inclusive DAO introduces a new concept: Ecosystem Farming. One coin to access the growth of an entire ecosystem, Avalanche. For the average investor, it seems almost impossible to invest into projects while they are still in their early stages. These types of investments are generally restricted to VCs, angel Investors, and so on. Colony conceptualized a revolutionary approach, in which this gap can be bridged.

Project Links:

Project name: Colony (CLY)

Terms & Conditions

  1. To ensure the fairness of all participants, once the users have clicked and agreed to participate in the drawing, the corresponding MX tokens in the user’s account will be frozen. The MX that is frozen during the event period will not be withdrawable or traded. Please participate at your own discretion.
  2. Users must complete KYC to participate in this event.
  3. MEXC reserves the right to interpret this event at our sole discretion.
  4. Special Reward: 500 users who participated in this session of Launchpad will be selected at random to receive a 10 USDT Futures Bonus, the rewards shall be airdropped to the respective winners within 7 working days upon the completion of this event. (Note: Users must open their Futures Account before the event ends to be eligible to receive the Futures Bonus reward.)

Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Global will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

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