Colu launched new local digital currency

New digital local currency helps to support local community and economy
22 June 2017   1616
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Colu, enthuisiasts of a Blockchain, developers of a platform for creating digital, localized currencies, announced today the launch of its second currency in the UK – the Local Pound, East London.

Using the Blockchain technology, Colu develops digital currencies for territorial communities. By the mobile app-based platform, peer-to-peer and cutomer-to-business transactions are being held in safe environment. It supports local economies, independent bussines and trade, creates social capital. 

Colu has offices in London and Tel Aviv, gains funding from Aleph and Spark Capital.

Digital wallet app by Colu supports local economics by creating an easy and safe way for instant payments from a phone. Local Pound, East London provides local citizens with a digital currency to create stronger local economy and community.

Digital payments provide more safe and seamless transactions. Due to this fact, digital currencies and local payments are growing trends in the UK. The company creates a closed-loop economy that bolsters both the economic well-being and social fabric of the community.

Colu used an open-source and blockchain infrastructure to create digital version of "cash". It can perform large amount of safe transactions in real-time As a final result, Colu creates a true peer-to-peer economy.

When a customer supports local business, he supports his own neighborhood. Colu gives local businesses a digital toolbox to help them better compete with large retailers, including a business dashboard that replaces the need for point-of-sale systems. 
Since the start of Local Pound, Liverpool in 2016, over 16000 locals begun to use Colu app daily, making purchases at small local businesses such as bars, fitness clubs, etc. 

Colu has an experience in creating digital, local currencies in Israel and Barbados. It has around 50000 worldwide users that spends almost 1000000$ at local business thru the app.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   404

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.