Celo (CELO)

Celo is the core utility, reserve, staking, and governance asset for the Celo platform. The platform aims to make financial tools borderless, easy to use, and accessible for anyone with a mobile phone.

Funding Round: $6.5 Million

Strategic Round: $20 Million

Whitepaper

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Interest lvl

Highest

Updated: Sep 07, 2024

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User Rating

Medium

3/5 • 1 votes

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Ticker

CELO

Type

Utility-token

Token standard

ERC-20

FoundedUnited States

Registration countryUnited States

Registration year2018

Launchpads

Coinlist

Ecosystems

Celo Ethereum

What is Celo

Celo was designed to enable a new universe of financial solutions accessible for mobile users, creating a global financial ecosystem where an end-user can onboard into the Celo ecosystem with just a mobile number. Here are few of the key features of Celo:

• Layer-1 protocol
• EVM compatible
• Proof-of-Stake
• Carbon negative
• Mobile-first identity
• Ultra-light clients
• Localized stablecoins (cUSD, cEUR, cREAL)
• Gas payable in multiple currencies.

Celo makes sending payments as easy as sending a text, to anyone with an internet connection, anywhere in the world. Celo maps phone numbers to wallet addresses using a novel decentralized address-based identity layer. Mobile participants can earn rewards for securing and maintaining the system.

CELO is the platform-native asset that supports the growth and development of the Celo blockchain and ecosystem. CELO holders can earn rewards, stake with validators, and vote on proposals that shape the future of Celo.