try this:

\starttext

\setupcolors[state=start]
\definedfont[SansBold at 35mm]
\baselineskip 0pt % switch off the space between the stripes
\lineskip 0pt
\def\MyLogo{\vbox{\hbox{\CONTEXT}\null}} % null is necessary for the
whole bounding box

\def\Number{30}

\dorecurse{\Number}{\definecolor[Col:\recurselevel][c=0,m=\ctxlua{tex.print(\recurselevel/\Number)},y=1,k=0]}

\dorecurse{\Number}{
\clip[ny=\Number,y=\recurselevel]{\color[Col:\recurselevel]\MyLogo}
}

\hbox{\dorecurse{\Number}{\clip[nx=\Number,x=\recurselevel]{\color[Col:\recurselevel]\MyLogo}}}

\stoptext

(With the help of Taco, Piotr and Wolfgang - thanks!)

Have fun!
Hraban
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