Colu Local Network
Privacy & Policy
CLN or Colu Local Network is a decentralized public payment system that is leveraged by communities and their everyday consumption.
CLN or Colu Local Network is a decentralized public payment system that is leveraged by communities and their everyday consumption. The CLN’s objective is to utilize the power of the cryptocurrencies for the creation of an improved and more transparent decentralized monetary system that would represent a network of different community currencies. Hence, the network allows the issuance of own community currency that would encourage local spending and multiply the local economic activity. By using the digital wallet app of Colu Network, users make purchases with fiat money and can transfer their earned community currencies to one another. Colu’s goal for bridging the gap between cryptocurrency markets and the everyday customer is realized by its CLN token, presenting the first cryptocurrency attached to real life consumption. The token is a standard ERC20 type and its issued on the Ethereum blockchain.