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Avalanche is arguably the fastest smart contracts network platform in the blockchain industry. With a novel multi-chain architecture that sports unbounded subnetwork scaling and the largest number of validators of any proof-of-stake protocol, it is no wonder that many projects and applications are clamoring to emerge and participate in the new economy facilitated and supported by AvalancheAVAX that cryptocurrencies and blockchain ledgers offer the world at large.
which developed and deployed this new distributive systems technology has been shepherding new talent, projects and legacy interests into this newly enlarged space opened up originally by Bitcoin and then universalized by Ethereum. Now, an independent Avalanche community-focused ecosystem farming project is working to provide the average Joe user a means to help guide this process themselves collectively. The unique design decisions within Avalanche coupled with the ecosystem farming strategy of Colony give users access to an internalized deal flow and concomitant market trend information otherwise hard to come by. Colony’s new paradigm for community engagement and governance grounds a future Avalanche ecosystem structure that will become more causally inclusive.
In a sense, users will both have access to influence ecosystem earning capacitation as well as system productivity. Here we see the rise of totally new economic activities that the world beyond will be able identify, associate with, value and also come to participate in.
According to Elie Rest, CEO of Colony on a recent Avalaunch Telegram AMA session, “Ecosystem farming is sustainable because it uses different assets, and the capital deployed through the ecosystem farming strategy can be allocated to many different assets. For example, through the ecosystem farming built by Colony, you’ll build a diversified portfolio of promising tokens and also Avax staking rewards alongside fair launch tokens, etc.”
“With Colony, it’s different, because our community will organically help the projects. Colony supports people to align their intellectual interest with their financial ones.”
“This is a powerful tool for the Avalanche community, to be able to engage with projects very early and contribute to their development and potentially bring funding through Colony (if the project successfully goes through the entire investment process => managed by the community).”
“Also, for projects, it’s also a golden opportunity because they will have access to a community very early and gain valuable feedback to move forward inside the Avalanche ecosystem. In other words, if projects are funded by Colony, they have instant adoption with thousands of addresses holding their token (since Colony is airdropping almost all of its allocation to stakers).”
Rest said that Colony will soon announce its first “incubated project” that will bring a lot of value to the Avalanche ecosystem. “With Colony, we really want to empower our community with the decision making.”
Rest states that there is no current competition for Colony in the Avalanche ecosystem. He is of the opinion that cooperation rather than competition ought dominate the mindset of those already working within the Avalanche community. Because Colony intends to add new features like dedicated pools with locking mechanisms enabling future capital investment in early-stage deals for inclusion in the community’s governance of the Colony’s ongoing functionality, that aspect of ecosystem shaping that Colony is providing to Avalanche may actually morph into something one might like to recall and recognize as ‘ecosystem farm engineering.’ At this time, we may begin to see how the Avalanche ecosystem may actually populate substantially into both of the two structural formats I mentioned in ( An Avalanche of Subnets
In the meantime, there is much that can and will be done, especially for those already familiar with Avalanche, its community and ecosystem to join in with the Colony.
Rest noted : “Colony already started to deploy capital to kickstart its early-stage mechanisms. In total, 7 projects have already been funded by Colony including TaleCraft (Avalaunch latest IDO) but also Platypus, Imperium Empire, etc. So as these projects come to life very soon, people staking Colony tokens will be entitled to large airdrops.”
“ Colony will support hackathons to find talents willing to develop projects on Avalanche. As a matter of fact, this weekend (12-4–21) we’ll be supporting a hackathon in Turkey alongside Avalaunch, Muhabbit Capital and other specialists of the Avalanche Ecosystem. We’re proud to support this initiative to help entrepreneurs develop projects, and especially in Turkey, because we have an amazing community there that I would like to thank a lot for the great support! “
“Colony is and always will be a work in progress, in the sense that we’ll always take the feedback of the community in consideration to build the structure that is right for the ecosystem we’re in.”
So if you have an interest in these propositions, potentials and projects you might consider following up with the links below.
Launch Info: https://medium.com/avalaunch/colony-lab-x-avalaunch-ido-announcement-9f63fe2f2b5
https://twitter.com/Colonylab/status/1467588487255896065
https://www.colonylab.io/
Global : https://t.me/colonyavax
Announcement : https://t.me/COLONY_Announcement
Medium : https://medium.com/@Colonylab
