AMA With COLONY || Nov-15–2021

CA Capital
9 min readNov 16, 2021


Elie: Founder & CEO at Colony, have taken AMA in Crypto Avengers TG Channel and helped to know about COLONY in detail. You can check full session details below.

Crypto Avengers: Hi @Elie_LR, Welcome to Crypto Avengers Community, how are you doing?

Elie: Hey everyone! Lovely to be here! I’m doing pretty well! Thanks for hosting me today!

Crypto Avengers: So let’s start our 1st question is please introduce yourselves, your role and your background? And how you discovered crypto?

Elie: I’m Elie Le Rest, Colony’s CEO, I’m also partner and Co-founder at ExoAlpha, a Hedge Fund with systematic quantitative strategies; long-short exposure to Bitcoin & Ethereum. I’ve gotten in the crypto system since 2013 for the outstanding technology behind it and throughout the years, I’ve structured several digital assets deals, advised security/utility token projects and private corporate blockchain projects. My past traditional finance experiences include Asset and Wealth Management in Paris, New-York, at big firms like UBS and Credit Agricole. I’ve also built a crypto quantitative arbitrage trading algorithm in 2016.

Last year I wanted to get more involved in the ecosystem and wanted to build a community driven initiative to empower Avalanche’s growth. This is how Colony’s idea was born.

Crypto Avengers: Our next Question is what is Colony? Can you explain Colony in layman terms?

Elie: Of course, I’d be happy to 😁

Colony is a community driven Accelerator, evolving into a DAO, to boost Avalanche’s ecosystem growth. Powered by a governance token: $CLY.

Colony will deploy capital within Avalanche on early stages projects, provide liquidity to DeFi protocols, maintain an Index on top Avalanche projects, and validate networks through stacking capabilities.

Our open governance mechanism ensures capital is allocated across the Avalanche ecosystem for its sole benefit. In other words, the value generated by Colony’s investments is routed back to the Community through airdrops, a buyback mechanism, and staking rewards.

Crypto Avengers: Our next Question is what was the inspiration behind starting Colony?

Elie: As I said before, last year, I wanted to get more involved in the Avalanche ecosystem and build a community driven initiative to empower Avalanche’s growth, that’s when Colony was born.

Colony is a first in the entire crypto space, it offers an inclusive DAO structure, giving the community the access to early-stage projects (seed and private sales) next to big VCs. In other words, the community asks and needs to be at the very heart of the projects. Colony’s Governance allows the community to leverage its knowledge, actions and will.

It’s no surprise that traditional Venture Capital firms are highly centralized and only benefit their LPs and are not fully aligned with the long-term growth of the ecosystem due to a mismatch between the fund lifespan and the one of the ecosystem. Well, Colony shifts this paradigm upside down: from the start, governance is given to the community with strong incentives aligned with the long-term growth of the ecosystem.

Crypto Avengers: Our next question is why did you choose Avalanche over other blockchains?

Elie: Well I could talk hours about that 😊 but to keep it short and sweet for the community following us today… I’ve been in the crypto space for a long time and I’m aware of what the ecosystem needs.

Avalanche was offering services that fill the current gaps and aim beyond that. What struck me the most concerning Avalanche was the technological breakthrough powering the consensus and the subnet customizability built on top, which was the perfect combo: being able to scale with high decentralization. Avalanche is simply pushing crypto towards the future we all deserve.

Crypto Avengers: Our next question is can you talk about team behind Colony? What’s the team size and how many developers are involved?

Elie: This is an important question because the team’s leading the projects say a lot about the robustness of the strategies that are in place and so on..

Let me tell you about our 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.

The core team is composed of 6 people, and we are working closely with: 2 backend developers, 1 frontend dev, 1 web designer, 2 solidity dev, 1 tech lead and 2 QA engineers.

Crypto Avengers: Our next Question is what are Current features of Colony?

Elie: We’re currently working on the app. The features are under development. But in simple terms, 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.

The holders will receive: Avalanche staking rewards, Liquidity provider rewards and Tokens via airdrop of early-stage Colony funded projects.

Not only they’ll have access to such rewards, but they can take part of Colony’s governance via different ways through the app features when the DAO structure is deployed:

-Change Colony’s capital allocation strategy

-Change the Liquidity Provider program capital allocation

-Change Index rules

-Share deal flow with Colony’s Analysts Team

-Provide analysis on projects and vote on them

Crypto Avengers: Our next question is Do you have competitors building something similar to Colony?

Elie: We have no competitors within the Avalanche ecosystem. There are similar projects on Ethereum for example, but they are less inclusive, like the LAO.

Crypto Avengers: Our next question is can you talk about what’s the current status of the Colony project? Any upcoming major milestones?

Elie: Sure, this is going to take a while to answer to 😄

We raised over one million dollars in seed funding co-led by GBV Capital, Foresight Ventures and the Avalanche Foundation.

Establishing close ties with the Avalanche Foundation was a strategic pillar. Colony will be sharing deal flow with the organization to create a more fertile ground for projects building on Avalanche, while including the community in their development. Projects will thus be provided with an initial community from the get-go. In addition to funding, there are other critical pillars that condition the success of projects: marketing, tech expertise, community, momentum, and of course, network. Working alongside the Avalanche Foundation and other key players of the ecosystem, Colony will empower projects building on Avalanche to reach their full potential.

Other strategic investors who participated in the Seed Round are Avalaunch, Avatar, Yield Yak, NGC Ventures, Spark Digital Capital, MEXC Global, Synaps and ZBS Capital.

Concerning our private sale, which was open to all our early-community members and strategic investors, it is now closed. We will share information regarding this shortly.

As for what’s coming next? Colony will hold its public sale beginning of December, and it will release its application’s first features. The IDO will be held on Avalaunch as for the IEO, we’ll make the announcement soon. in Q1 2022, Colony shall continue empowering selected projects building on Avalanche according to the deployment strategy we talked about earlier (early token investment, liquidity provider, top 10 Avalanche Index, AVAX and subnets validators). By Q4 2022, Colony will evolve into a DAO model with its own subnet on Avalanche, building new incentive models for Colony Token holders. You can check our roadmap on our website for more details:

Crypto Avengers: our next question is can you please talk about partners, investors and advisors of Colony?

Elie: Guess I’ve already answered this question 😄

As I said, a lot of robust partnerships have been established such as Avalanche, Avalaunch, GBV Capital, Avatar, Yield Yak, NGC Ventures, Spark Digital Capital, MEXC Global, Synaps, ZBS Capital & many more.

Concerning our advisors,we will share these information shortly. 🙂

Crypto Avengers: our next question is Can you please talk more about The DAO EVOLUTION?

Elie: Sure thing 😉

Colony aims at decentralizing its infrastructure overtime to build a full DAO. DAO are complex to build, you want to make sure they are secured to protect the community’s capital. Some parts of Colony will be easier to decentralize than others. For example, the staking program is easy to decentralize but early stage investments are not. We just know that we cannot build a DAO overnight and we want to build the DAO alongside the community feedback. That is to say, around Q4 of 2022 Colony will evolve towards a DAO model with its own subnet on Avalanche, building new incentive models for Colony’s Token Holders.

Crypto Avengers: Our next question is Can you talk about Colony token and it’s utilities?

Elie: Of course! This is exactly what makes Colony a unique ecosystem accelerator!

Let me explain

Colony’s CLY token will be used to power the community driven governance, allowing token holders to vote and have influence on the capital allocation of Colony:


· Changing the fund capital allocation.

· Changing the LP program capital allocation.

· Liquidation of token positions.

· Changing index rules, working principles, constituents, etc


· Sharing Deal Flow with the Fund Analyst Team.

· Providing Analysis on projects.

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

The CLY holders will receive: Avalanche staking rewards, Liquidity provider rewards and Tokens via airdrop of early-stage Colony funded projects.

Crypto Avengers: Ok we are done.

Now let’s proceed with the community Questions Are you ready?

Elie: Sure! 😊

Crypto Avengers: We will unmute for Community Questions, you may answer after 5 minutes when I mute the Room again 🔥

Elie: All right 😊

Crypto Avengers Community: Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?

Elie: We want to empower the growth of the avalanche ecosystem; crypto beginners will be able to stake tokens on our platform easily. For more advanced crypto users, they will be able to interact with the application to vote on projects they like, do some analysis, and deploy capital to liquidy pools for example. Also, Colony will be able to onboard institutional investors as Colony deploy capital through a regulated framework that we will announce next year. So the platform will be suitable for everyone 🙂

Crypto Avengers Community: Have you being audited? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds,scams and rug pulls ? How strongly built are your security put in place?

Elie: Colony will be fully audited once smart contracts are deployed, we are not there yet but we have all the connections needed to audit our work. We have 3 solidity developers, 2 front-end developpers working hard on the application and we can’t wait to share our first look and feel in the coming weeks

Crypto Avengers Community: Where can I buy your tokens now, what are your current contracts address and how can I buy them and what are the benefits?

Elie: The IDO will be held beginning of December on Avalaunch, MEXC and other platforms. All these information will be shared on our social media in the coming weeks so stay tuned by joining our telegram and twitter:



Crypto Avengers Community: Is Your Project available for the global people or it’s limited for some area? If it’s globally available are you guys planing to introduce it globally?

Elie: Community is the beating heart of Colony. Building exposure, visibility and reaching communities in every corner of the world is a priority for us. Multiple AMAs are planned with key players in the ecosystem, we also have on our side KOLS and well known influencers within the crypto space.

We want to gain exposure globally and adapt to the community needs to allow them to take part in our journey.

Again Colony is a project built by the Community for the community.

Crypto Avengers Community: What social media accounts do you have so that we can stay upj to date on your project? Please share it with us.

Elie: These are our social media links:




Telegram Announcements channel:

Telegram Chat Channel:

That’s it for the 5 questions, it was a real pleasure being your host! Thank you for this great AMA session!

Crypto Avengers: Cool, Is there anything you want to add before we close this AMA?

Elie: Stay tuned for our latest achievements over Twitter, a lot of information regarding early-stage projects is shared almost daily 😉

Crypto Avengers: Thanks Everyone! Please support Colony Guys!!

Thank you @Elie_LR for your wonderful time with us!! We learnt more about Colony from you today.

Elie: Welcome

Crypto Avengers: Please join the Colony Telegram group, and show some love from the Crypto Avengers 📣

Guys follow below channels for more updates!

Colony Social Links:

Website (

Telegram (

Twitter (

Crypto Avengers Social Links:




TG Discussion Channel:

TG Announcement Channel: