Colu Blockchain Platform Shutting Down, Buys Back Its Tokens

Colu Blockchain Platform Shutting Down, Buys Back Its Tokens
imageCryptocurrency News12 hours ago (Aug 12, 2019 06:21PM ET)

Colu Blockchain Platform Shutting Down, Buys Back Its Tokens

Colu Group subsidiary Colu DLT has announced that it is shutting down its blockchain-based Colu Local Network, and is offering to repurchase and burn the accompanying CLN tokens sold to investors during its initial coin offering (ICO).

The company’s buyback offer comes by way of an official announcement from Colu DLT on its website. According to the notice, the company is looking to repurchase its tokens with Ether (ETH) over a 90-day period. The company intends to subsequently burn all the tokens repurchased this way.

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Colu Blockchain Platform Shutting Down, Buys Back Its Tokens

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