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CLNY is a hybrid token that combines characteristics of government and utility tokens. Token holders have the ability to participate in the decentralized governance of the project. Additionally, they can use CLNY to acquire land upgrades and perform various actions within the MarsColony metaverse. Future iterations of the app will introduce additional utility functions for the token, such as farming, lending, and in-game utilization.
Issue Time
1970/01/01
Initial Price
US $ 0.00010081
Circulation/Max
0/144.80M
Dominance
0.00%
ROI --%
Information
What is the description of the coin?
Colony is a community-driven project that offers two types of tokens: non-fungible (NFT Land) tokens and fungible governance (CLNY) tokens. Players can use NFTLAND to earn CLNY. To upgrade and customize their territory, owners must have at least one piece of NFT Land. This allows them to build base stations, power plants, and other objects for higher yield and additional benefits. For instance, if Andy owns an empty piece of land, he earns 1 CLNY per day. However, if Bob owns a Piece of land, a Base station, Transport (level 2), and Assembly (level 3), he earns a total of 9 CLNY per day.
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