AMARush Recap: Colony

Avaxholic | #1 Source for Everything Avalanche

7 min readDec 4, 2021

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We’re honored to welcome our guest today: Ms. Wessal from Colony.

Can you tell us a little bit about yourself and Colony team?

Ms. Wessal | Colony: Of course! I’m Wessal, Colony’s CMO.

I was actually a Sourcing Manager and data analyst in the nuclear field for a while.

As a libertarian I’ve been seduced by the blockchain a few years ago and when I dug deeper into it, well I was here to stay. I started as a simple investor and throughout the years, I became more involved and helped some projects with their market research and building marketing strategies based on that. That’s how I ended up joining Colony’s team.

Colony’s Team is composed of experts with decades of experience and pedigree in the blockchain, and traditional finance space. With the founding of ExoAlpha, a systematic crypto Hedge Fund that has amassed a trading volume of half a billion dollars per month and with over 150 published articles in well-known publications, the team is more than ready to make Colony everything it means to be.

Not only has every member of the team been involved in finance or crypto since the very beginning, but members are active within the community today, and their insight into emerging markets and the latest trends is invaluable. You can read more about each team member here: https://t.me/colonyavax/784

Avaxholic: Wow impressive background Ms. Wassel :D It’s always so interesting knowing how people from different fields joining crypto, like yours and your team’s stories

Avaxholic: Here’s the 1st question.

1. What is strategy will Colony use in educating and assisting new investors in DeFi?

Does Colony have any tools to help investors?

Ms. Wessal | Colony: Colony is building a platform with a great User Experience to make sure it is easy to use for everyone. Beginners will be able to stake their colony token, they will then receive over time, multiple airdrops of promising projects building on top of the Avalanche ecosystem. Perfect for beginners, just one coin to stake, to receive plenty!

For more confirmed and professional users of crypto, Colony will allow open governance, where community members will be able to participate in projects, analysis and decide if an investment should be made or not. Colony will be accessible to everyone, the level of involvement will depend on one’s will.

The team is building all the infrastructure and features to help the investor take decisions and be an active member easily.

Avaxholic: Great mechanisms for both beginners and professional users I must say. Can’t wait for Colony token launch :D

Ms. Wessal | Colony: Next week!! :)

Avaxholic: Yuppp. We’re so ready for that!

So let’s get to the 2nd question.

2. In supporting the whole Avalanche ecosystem, Colony decided to establish a index where it will allot 10% of its capital to the top 10 project built on Avalanche. How does Colony plan to become the most popular and best accelerator in the Avalanche network when accelerators proliferate in the future on the Avalanche network.?

Ms. Wessal | Colony: This a first in the entire crypto space. Our inclusive DAO introduces a new concept: Ecosystem Farming. Colony, as an Avalanche accelerator, allows investors, thanks to one coin ($CLY), 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. From the start, governance will be actually given to the community with strong incentives aligned with the long-term growth of the ecosystem. And of course, all the created value will be rerouted back to the community, through: Avalanche staking rewards, Liquidity provider rewards and Tokens via airdrop of early-stage Colony funded projects. This is very aligned with Avalanche values “Community first”.🤝

So besides the fact that the community will have a seat next to big Vcs, the community has between its hands the power of voting and influence (sharing deal-flow, projects analysis, capital allocation decision making, etc..). They’ll be the one running Colony.

Projects will be provided with a community from the get-go in addition to funding, network, tech expertise and marketing support.

Avaxholic: True. “Community first”! I think this is one of the key points that a long-term project would always care about.

It’s cool to hear that community will be the ones who run Colony. I think with this vision, Colony will grow strong!

Next question is something I’m pretty sure everyone is most curious about.

3. What Colony plans to build has been set out to build the right incentive foundation for the next generation of apps built on top of the #Avalanche platform?

Ms. Wessal | Colony: 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 such as Avalaunch, Ava Labs, Yield Yak etc, Colony will empower projects building on Avalanche to reach their full potential.

In addition to Colony’s plans to deploy capital in the Avalanche ecosystem with 50% ring-fenced for early-stage funding, there are 30% for liquidity provision to existing Avalanche defi protocols, 10% to validate Avalanche-based networks through AVAX and subnet token staking capabilities, and 10% to purchase top Avalanche projects to form a quarterly rebalancing index, voted on by the community.

Avaxholic: I totally agree that funding is an important factor for a project to reach to its full potential. Talking about funding, congrats to your team on the successful Seed & Private round.

Now, let back a bit to learn more the governance model for community you mentioned earlier

4. The “GOVERNANCE MODEL” of the projects is a factor that is considered important by the community members and the investor mass. Can you tell us about Colony’s DAO model and the requirements to join the management?

Ms. Wessal | Colony: The users will be able to buy their token CLY on CEX and DEX and then stake them on Colony’s App. Staking the tokens (minimum amount 50 token CLY for 20 days at least) will allow them to access all of the app features. Of course, all the created value will be rerouted back to the Community, through: Avalanche staking rewards, Liquidity provider rewards and Tokens via airdrop of early-stage Colony funded projects.

From the start, governance will be actually given to the community. What our community needs to understand is that they will be the ones leading:

-Voting:

• Changing the fund Capital allocation.

• Changing the Liquidity Provider program capital allocation.

• Liquidation of token positions.

• Changing index rules, working principles, constituents, etc

-Influence:

• Sharing Deal Flow with the Fund Analyst Team.

• Providing Analysis on projects.

• Providing ideas to increase the fund’s participation in the ecosystem.

Avaxholic: Noted! I’m sure everyone here is all set to buy CLY and make the most of this governance model!

And here’s the last question

5. What is the utility of $CLY token? Which mechanism it will provide to incentivize the ongoing core team and community development of $CLY roadmap? What can we expect this year regarding the token value and price stability?

Ms. Wessal | Colony: I think I’ve outlined these elements already through my different answers.

And as said earlier all the created value will be rerouted back to the community, through: Avalanche staking rewards, Liquidity provider rewards and Tokens via airdrops of early-stage Colony funded projects.

And of course the CLY will empower the Avalanche ecosystem in so many ways

Let me share something with you.

Avaxholic: That pretty much sums up our AMA today. And that’s the end of the first part. Thank Ms Wessal for spending time with us today. I think everyone here has got to know deeply about Colony, especially the mechanism for community. Hope to see great success of Colony’s IDO launch!

Ms. Wessal | Colony: Thank you all! :) It was a pleasure.

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AMARush Recap: Colony

Written by Avaxholic | #1 Source for Everything Avalanche

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