Colu Local Network is a defunct Ethereum-based project that aimed to let communities issue blockchain-backed currencies through a decentralized monetary system. Colu Local Network Not Giving Away ETH's Twitter Score is 15 out of 1000 as of September 2026, ranking #63,465 among 486,860 tracked accounts.
Colu Local Network was introduced by Colu DLT as a local-payment network in which communities could issue their own blockchain-backed currencies, with CLN tokens providing liquidity across the system. CLN was issued as an Ethereum token, and a presale that closed in February 2018 sold over 222 million CLN tokens, with IDB Group, Spark Capital, and Aleph VC identified among the presale investors. A completed crowdsale subsequently sold more than 239 million CLN tokens, raising a total of $19,158,446.
Colu Local Network was formerly affiliated with Colu DLT and Colu Group. In August 2019, Colu DLT announced it was concluding the CLN blockchain project, citing regulatory and technical challenges, and launched a repurchase program covering approximately 54 million tokens held by the general public, with purchased tokens to be burned. Per the OECD, Colu subsequently pivoted away from cryptocurrency entirely and moved its municipal currency operations to a centralized server rather than a blockchain.
Colu Local Network Not Giving Away ETH has published 752 posts and has 2,643 followers as of September 2026. The account has been mentioned by 5 accounts, with 5 total mentions.
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The accounts that follow Colu Local Network Not Giving Away ETH include 63 founders, 9 angel investors, 19 influencers and 4 VCs. Among them are Udi Wertheimer, Jesse Powell, Eric Wall, Spencer Bogart, DCG and Wong Joon Ian.