Coalichain Launches Presale for Decentralized Democracy Platform

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Coalichain today launches its presale of ZUZ tokens to support the upcoming beta release of its decentralized political platform connecting citizens to their leaders and governments. Coalichain aims to offer an alternative to existing state-run democratic structures through the use of decentralized blockchain technology and Web 3.0 features, tackling some of the biggest problems in governance today including distrust of institutions, lack of voting transparency, and deep polarization. Political parties in France, Switzerland, Estonia, and Australia have expressed interest in the Coalichain platform, according to the company’s statement. 

The Coalichain political communication platform will allow politicians to engage directly with their electorate on key issues while putting democratic power back into the hands of citizens, says the statement. It will offer voter chat groups, real time news feeds, survey distribution, and interactive video chats – all designed to increase engagement with the democratic process and get relevant, accurate information into the political discourse at every level of government.

ID-verified eVoting will allow uncompromised results in all different types of elections, says the statement, while micro fundraising tools will allow cost effective avenues to combat the power of corporate influence and corruption, while creating an immutable record of how and from whom funds have been collected and distributed.

Co-CEO and Co-Founder of Coalichain, Levi Samama said, in a statement: “Our duty as democratic citizens is to elect the leaders we entrust our future and our children’s future [to], and hold our government accountable. Coalichain remedies inadequacies in present-day democratic electoral system by empowering the most basic building blocks of a democracy – its citizens. Through Coalichain, local and global leaders will be given the tools to better serve their citizens and enforce the democratic system.”

The Coalichain crowdsale will follow the presale period, which concludes May 2. 1,770,000,000 tokens will be issued and contributions can be made in ETH, BTC, or fiat currency.

To learn more about Coalichain and the upcoming mobile app, visit https://www.coalichain.io/.

image: CC BY-SA 3.0 Nick Youngson / Alpha Stock Images

About Alex Behrens

Alex started his professional career in a data analyst role at a global electrical components distributor before transitioning to work in the blockchain industry full time in 2017. He has performed research and analysis on multiple projects including traditional securities and cryptocurrencies, and has contributed to operational design for cryptocurrency mining and other entrepreneurial projects since 2015. Alex graduated from Ithaca College in 2014 with a BS in Finance and a minor in Politics.

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