Colony

Dollars

Million

Colony Avalanche Index

Avalanche

Avalanche ecosystem developer and accelerator Colony Lab said it will invest $10 million to support the long-term growth of the Avalanche network, Coindesk reported. 
Colony Lab stated in its statement that it has purchased more than 500,000 AVAX worth $8 million in the last few months and said that these funds will be used to create a validator program that will benefit AVAX holders. 
Colony Lab also announced that it will invest in the Colony Avalanche Index (CAI), a yield-generating token index within the Avalanche ecosystem that includes assets such as AVAX and Trader Joe's JOE. 
Colony Lab CEO Elie Le Rest said: 
<blockquote> 
 “As we channel a $10 million investment into the Avalanche ecosystem, we are not only growing Colony Lab, but also strengthening the long-term potential of AVAX. 
 True blockchain growth comes from expanding use cases, and its technology reflects this vision by creating a more inclusive and customizable blockchain environment. 
 “We are excited to align with Avalanche's vision and are committed to sharing the rewards of our strategic move with the community.” 
</blockquote> 
Following the news, Colony (CLY) increased by 7%. 
<img decoding="async" class="alignnone size-full wp-image-127325" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/11/CLYUSDT_2023-11-21_16-38-32.png" alt="" width="1196" height="1087"> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/avalanche-avax-received-10-million-dollars-investment-this-altcoin-price-started-to-rise/">Avalanche (AVAX) Received 10 Million Dollars Investment, This Altcoin Price Started to Rise!</a>

Avalanche (AVAX) Received 10 Million Dollars Investment, This Altcoin Price Started to Rise!

Bitcoin Sistemi EN

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