Colony is the most powerful, practical, flexible and easy to use DAO framework. Colony provides a core suite of tools a decentralized organization needs to manage its operations. It allows individuals in organizations to build teams, give authority and governance, enable payments, fundraising and revenue sharing. CLNY is the token of Metacolony; the colony that governs the network. CLNY is required to participate in various Metacolony activities such as staking, revenue sharing and governance.