Your color panel allows you to create or select a color to be used for text, borders, lines and also to fill an element.
To access the color panel, select the element that you want to color.
Click on the Paintbrush icon in the white settings menu.
Here you will have an option to change the selected elements:
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Background
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Overlay
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Border
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Text
Your color panel is designed to look at the colors and style of your website and set a recommended color swatch for you to use.
You can change these colors by clicking on More Colors.
Note: The recommended color swatch is only available when using a pre-designed template.
On the Color Panel you will also be able to change the style of your Text, border and background.