🐜ANT tokens

To access Colony's platform, interact with it features, receive rewards, and become a member of the investment DAO, you need to stake your CLY. It’s important to note that staking more CLY will result in higher rewards and potentially a greater allocation in Seed/Private sales during our upcoming fundraisings on Early-Stage.

After staking your CLY, you will receive ANT tokens on our application. ANT tokens are generated upon staking CLY. ANT tokens represent the CLY staked, where 1 CLY equals 100 ANT.

$$1 CLY staked = 100 ANT 🐜$$

ANT tokens hold significant utility within Colony's application, particularly within the Early-Stage feature. They enable users to interact with Projects' NESTs (Seed/Private sales) on Colony's platform.

ANT tokens provide users with the ability to express investment interest in specific projects by committing them as collateral within Projects' NESTs. Through this commitment, users unlock opportunities to invest in USDC during seed/private token sales. The USDC allocation that ANT tokens enable depends on each NEST, considering parameters such as the raise target, market outlook, and other factors. Once the USDC contribution is committed, the ANT tokens are released, ready for further commitment to other projects' NESTs.

ANT tokens can also be staked to access the VIP Program benefits.