Mertkan Sepet
2.6K posts
After 5 years building and supporting the @avax ecosystem exclusively, today we are announcing the closure of Colony because the ecosystem evolved in ways that no longer allow us to pursue our mission with conviction. This was not an easy decision, especially after 5 years committing our full focus, resources, and energy to Avalanche, its projects, its vision, and its community across multiple market cycles. But it is time to close this chapter. Before stepping away, we believe it is important to be transparent about our experience operating within the Avalanche ecosystem over the past several years. The full statement, including how the building environment changed materially, the structural challenges we faced, everything we built and delivered during that time, and the wind-down process and timeline, is in the article below: @Colonylab/the-end-of-the-road-ef0af614a47d" target="_blank" rel="nofollow noopener">medium.com/@Colonylab/the…
As part of the wind-down: • Liquidity remains untouched • Community funds remain accessible • The team’s CLY token allocation was never sold nor staked – 5 years community alignment • Final distributions will be made to CLY stakers
