Kolion (KLN) is a cryptocurrency issued on the Waves platform. Bitcoin and many other cryptocurrencies can be mined by computer, but not Kolion. People can buy KLN on other major cryptocurrency exchanges, and can also earn it by helping the residents of Kolionovo with construction or agricultural work, a process called "farming."

Project Background

Mikhail Shlyapnikov, a farmer, ran into trouble when he tried to get a loan for his farm. Because the interest charged by the bank on small business loans is as high as 12%, he had to issue his own token.
He issued paper currency kolions in 2015, but was immediately stopped by the court. He later raised around $500,000 in an ICO in April 2017 and subsequently created a cryptocurrency called KOLION (KLN). According to the Kolion white paper, the issuance of tokens is carried out on the WAVES blockchain platform.
Mikhail Shlyapnikov is a farmer at Kolionovo, a farm in the Egoryevsky district of Moscow.
Shlyapnikov said in an interview: "I didn't want to be a slave to the bank, so I had to issue my own token. And I did. Now, I am my own bank, government, regulator."
Shlyapnikov According to the introduction, the token is supported by about 500 bitcoins, with a total value of about 3.7 million US dollars. The current circulation value is about 2 million US dollars, and the price has risen steadily after its issuance.
Bitcoin and many other cryptocurrencies can be mined by computer, but this is not the case with Kolion. People can buy KLN on other major cryptocurrency exchanges, and can also earn it by helping the residents of Kolionovo with construction or agricultural work, a process called "farming."

Related Links:

https://kolionovosystem.com/
https://www.blockob.com/posts/info/2138