OFFICIAL COLI CRYPTOCURRENCY TOKEN

Discussion in 'The Locker Room' started by Legend, Nov 2, 2021.

?

Which path should COLI token go down?

Poll closed Nov 4, 2021.
  1. DIgital Souvenir, sentimental in value.

    10 vote(s)
    6.9%
  2. If I have 10M COLI tokens, and the price rises to $1, then that means...

    135 vote(s)
    93.1%
  1. Legend

    Legend OG

    Joined:
    Aug 5, 2012
    Messages:
    202
    Daps Received:
    1,352
    Reppin:
    SELF GOD
    Reputation:
    680
    Coli Cash:
    $345000.00

    [​IMG]

    Website: https://www.colitoken.com/

    Background

    So after doing extensive research on the ins and outs of creating and operating a token ecosystem, I finally pulled the trigger on designing COLI token, our own cryptocurrency whose direction will be determined by how well this goes with the community. There is alot to get through, too much in fact, that if there is enough interest, I will be willing to hold a group voice chat to explain things further indepth.

    The basic premise of the token is to, first, act as a digital souvenir in the burgeoning era of Cryptocurrency. I believe this would make us the first major forum on the net with its own crypto token, owned by its members, operated by its members. To that end, if this project becomes nothing else, its still pretty cool to have our own coin in this exploding digital landscape.

    Where this goes depends on what the community sentiment is. There is no right or wrong answer.

    Are we okay with this just being a piece of digital history, no prolongued value outside of sentimental attachment? Similar to coli cash, it would exist solely within the forum ecosystem.

    Or would we prefer to eventually put the token on the open market and trade it for real money? Buy and sell, see price action. Expand its influence beyond the walls of the forum and try to get it trending.

    Vote, and once the temperature is determined, I'll go further down the desired path.

    Token Distribution

    [TOKEN DISTRIBUTION HAS EXPIRED]

    As the official Coli forum token, its only right, maybe even necessary, that registered members get first dibs on the coin. So, each user is entitled to 1 Million tokens apiece, at a minimum.

    Those who have reputation above 100 will, instead, receive tokens based on their rep points.

    The formula will be: [rep pts] x [10,000]

    For example, a rep of 300 will entitle you to 3 million tokens.

    A rep of 3000 will entitle you to 30 million.

    For those with negative rep, as I said, you're entitled to 1 million at a minimum.

    Moderators and staff members are automatically entitled to 5 million (can be stacked ontop of your rep).

    "Supporters" are entitled to 3 million (stackable with rep).

    There will be a total of 1 trillion COLI tokens in existence. This will be a deflationary currency, meaning as time goes on, the supply will decrease, making each coin more valuable.

    How To Claim

    It goes without saying, you have to be familiar with cryptocurrency and have the necessary competence to acquire the tokens. If the following terms aren't familiar to you, you will have an extremely hard time understand what's going on:

    MetaMask
    BNB
    PancakeSwap
    DEX
    CEX
    Slippage
    Liquidity Pool

    I also run the Coli's official cryptocurrency telegram. The group members, and I, will do our best to help out anyone who has a basic understanding of things, but just need a little extra help. We have 100+ members, and the first thing anyone interested in this endeavor should do, is join the telegram: Crypto Coliseum

    For those who have a firm grasp on how things work, if the second choice on the poll is the winner, I will begin distributing the tokens, along with additional information.

    Road Map:

    Implementation will be split into 3 phases.

    PHASE 1:

    - Gauge community interest

    - Determine path of COLI token

    - Rough estimate of how many members will be the founding holders of COLI token.

    - Migrate all founding members to the official Coli Crypto Telegram


    PHASE 2:

    - Curate an official list of founding members and their allocated tokens

    - Facilitate an efficient process for everyone to accept and add the tokens to their wallets.

    - Hold a forum that explains what it means to be a holder, the economics of COLI token (burn, taxes, etc.), and an education on price dynamics (how prices goes up, goes down).

    - Security measures to ensure no fraudalent activity within the ecosystem.



    PHASE 3:

    - Launch COLI token on PancakeSwap

    - Add Liquidity Providers

    - Expand number of holders beyond the walls of the forum

    - Get COLI token's first official price listing.


    Final Thoughts:

    This whole thing could turn out 1 of 3 ways:

    1. A complete, unmitigated disaster. Due to people not understanding, caring, being disorganized, suspicious, or unscrupulous with the tokens.

    2. By some miracle, if everything runs smoothly, we could be on the path of building wealth for our children. I won't sell you a dream: Many things would have to go right for this to happen!

    3. This post gets buried to the 3rd page, I nonchalantly delete it, and everyone goes about their business like nothing happened.

    Its for you, the community, to decide what happens next. I'll give the poll 1 or 2 days, then will update accordingly. In the meantime, I'm open to any questions you may have.

    [​IMG]
     
    Last edited: Nov 14, 2021
    Vilify, rlg, Khadafhi and 85 others dapped this.
  2. Nymbus

    Nymbus Great Value Man™ Supporter

    Joined:
    Nov 14, 2014
    Messages:
    7,208
    Daps Received:
    27,568
    Reputation:
    2,170
    Coli Cash:
    $36825.22

    in:ohhh:
     
  3. newarkhiphop

    newarkhiphop Moderator Staff Member Supporter

    Joined:
    Apr 30, 2012
    Messages:
    31,379
    Daps Received:
    100,596
    Reputation:
    8,790
    Coli Cash:
    $215.38

    :ufdup: pinned


    Buy crypto brehs.
     
  4. Babyface

    Babyface Look at your face Supporter

    Joined:
    Feb 20, 2014
    Messages:
    42,468
    Daps Received:
    163,908
    Reppin:
    Handsome Boyz Ent
    Reputation:
    11,350
    Coli Cash:
    $300500.00

  5. Huda2daf

    Huda2daf Superstar

    Joined:
    Feb 3, 2016
    Messages:
    4,327
    Daps Received:
    18,207
    Reputation:
    560
    Coli Cash:
    $100500.00

    Inn
     
    Legend dapped this.
  6. Sukairain

    Sukairain Pezzonovante

    Joined:
    Dec 20, 2015
    Messages:
    4,288
    Daps Received:
    15,440
    Reppin:
    Straiya
    Reputation:
    1,960
    Coli Cash:
    $100500.00

    Are you sure that a trillion will be enough. There's a lot of people here, some with a very high reputation as well
     
    Payday23, Legend and CouldntBeMeTho dapped this.
  7. TNC

    TNC Hardbody

    Joined:
    May 3, 2012
    Messages:
    4,733
    Daps Received:
    8,841
    Reputation:
    890
    Coli Cash:
    $345447.00

    I’m down
     
    Payday23 and Legend dapped this.
  8. CouldntBeMeTho

    CouldntBeMeTho Dog Shooting Squad Supporter

    Joined:
    Jul 14, 2012
    Messages:
    31,695
    Daps Received:
    182,200
    Reppin:
    Small Time Crook$ & Big Time Drug Dealerz
    Reputation:
    14,570
    Coli Cash:
    $140763.00

    In like a mofuka :ohhh:

    Coli cash with real use :wow:
     
  9. Nature's Fury

    Nature's Fury addicts of drugs not yet synthesized

    Joined:
    Jun 26, 2014
    Messages:
    3,977
    Daps Received:
    14,808
    Reputation:
    820
    Coli Cash:
    $249500.00

    First page, so don’t leave me behind when this blows :feedme:
     
    Legend dapped this.
  10. MyAccount

    MyAccount Superstar Supporter

    Joined:
    Sep 27, 2013
    Messages:
    9,855
    Daps Received:
    48,241
    Reputation:
    1,100
    Coli Cash:
    $315500.00

    I'm in
     
    Legend dapped this.
  11. Golayitdown

    Golayitdown Veteran

    Joined:
    Apr 30, 2012
    Messages:
    22,870
    Daps Received:
    72,077
    Reputation:
    4,280
    Coli Cash:
    $791400.00

    :ehh: I’m picking up what you putting down playa
     
    Rusty$hackleford, Sypress and Legend dapped this.
  12. The Radiant One

    The Radiant One All Star

    Joined:
    Nov 18, 2016
    Messages:
    1,845
    Daps Received:
    8,993
    Reputation:
    390
    Coli Cash:
    $500.00

    So how will it be deflationary will a certain percentage be burned? Also for this to take off we would have to open registration for those who buy a certain amount of coin on the open market.
     
    Mr 500 000 000 YearZ and Legend dapped this.
  13. Fade Runner 2049

    Fade Runner 2049 Veteran

    Joined:
    Oct 26, 2014
    Messages:
    19,168
    Daps Received:
    78,267
    Reputation:
    550
    Coli Cash:
    $102919.00

    To the moon
     
    PabloPuede, brehsimilitude and Legend dapped this.
  14. Idaeo

    Idaeo Superstar Supporter

    Joined:
    Jan 10, 2013
    Messages:
    6,311
    Daps Received:
    30,839
    Reppin:
    California
    Reputation:
    2,820
    Coli Cash:
    $345000.00


    i'm in....but shouldn't it be [rep pts] x [100,000] ?
     
  15. Hersh

    Hersh Superstar

    Joined:
    May 2, 2012
    Messages:
    15,208
    Daps Received:
    22,869
    Reputation:
    1,850
    Coli Cash:
    $344800.00

    ready to refi the crib.. gonna put it all down
     
    Legend dapped this.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice