ColossusXT Celebrates 4th Anniversary with a New Direction

Today marks four years since ColossusXT (COLX) was formed.

Thanks for supporting ColossusXT through thick and thin over the last 4 years. As a sign of our continuous intentions to bring COLX forward regardless of the conditions, we have revamped our website with a fresh/modern look.

Over the last year, with the support from our loyal community, we have created wrapped COLX tokens on Binance Smart Chain (bCOLX) and on Ethereum (eCOLX) via Anyswap decentralized bridge solutions.

Recently, thanks to the COLX Liquidity Providers Incentive Program for bCOLX-BUSD pair on Pancakeswap, we have crossed the $30,000 liquidity mark. With that said, our next target will be $100,000.

What is the COLX team working on?

To realize our vision for Colossus Grid, the project needs funding and we are continuously seeking convenient options for this target. However, having no premined coins allocated for such activity is not making it easy for us to face the blockchain VCs.

For this particular reason, over the next few months, the team will be looking for creating another token for a use case dedicated to DeFi in a new ecosystem, to be managed by a new team of professionals. The idea here is to create a sustainable revenue source for the projects while utilizing small portion of the raised funds for Colossus Grid & ColossusXT development activities. Of course, we plan to have additional benefits to the COLX coin and masternode owners if we succeed to realize this target.

While we are working on structuring this new approach, the team will also be looking to deliver various wallet improvements for the ColossusXT wallet. These details will be shared based on utilization of available budgets at hand. The roadmaps will be created and pushed when we have a clear picture of the above details.

ColossusXT is a 100% volunteer based initiative, being built by the community, for the community. For all naysayers out there; it is not possible to kill a project that is purely based on the essence of genuine people with similar mindset. Thanks again to all community members who were a part of our journey, and to those who contributed to the development & maintenance of the project since 2017.

Can’t stop, won’t stop.