Completely a clone of LISK.
No,fully different.
Lisk use DPoS with X% interest every year.DPoS means 101 servers.
ColoredChain use Powered Proof of Stake,no delegated Server,no inflation,fully decentralized.
ColoredChain provide a DECENTRALIZED Apps framework,and provide a DECENTRALIZED solution to solve blockchain float.
Details see
whitepaper.