The coin is described as a community-oriented, energy-efficient coin with a strong focus on decentralization, privacy, and real-world implementation. It uses an energy efficient Proof of Stake 3.0 protocol and a second tier Masternode network for inclusive community-based governance along with a view towards sustainable development. There is a The goal of COLX is to be an advanced digital currency that is fast, secure, private, and connects all of its users for a greater purpose as part of the Colossus Grid. The goal of the project is to reward individuals for voluntary grid contributions.
