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WebsiteCoinlist Launchpad

Celo Gold (CELO)

IEO

An open platform that makes financial tools accessible to anyone with a mobile phone.

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Overview

Project industryFinance Services & Banking / Celo Ecosystem
Product typePlatform
WhitepaperCelo Gold White Paper Open

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What is Celo Gold

We have introduced a protocol for social payments, called Celo. Celo combines an address-based encryption protocol that allows a sender to use a phone number or email address directly as a public key, with a reserve-backed stabilization protocol to minimize volatility through an elastic supply rule. Together, these allow for a more seamless experience using cryptocurrencies as a means of payment. Further, they enable a monetary ecology that includes local and regional currencies, social dividends, demurrage-charged currencies, and in the future, natural-capital-backed currencies.

The Celo protocol defines a decentralized payments system in which participants use coins that track the value of a local fiat currency or a local basket of goods. In this paper, we investigate the stability characteristics of Celo stable value assets through a series of simulations under various market conditions.

Details

IEO (Coinlist Launchpad): May 11, 2020 - May 11, 2020
Raised: 6,500,000 USD

Legal

Country limitations: USA

Token info

Ticker: CELO
Token price in USD: 1 cGLD = 1 USD
Bonus program:
Referral: Earn 50 cGLD for each person you refer that successfully participates in the dutch auction, up to a maximum of 500 cGLD per person.
Auction: For every 2 cGLD purchased, you get 1 cGLD bonus up to 5,000 cGLD purchased (maximum bonus of 2,500 cGLD).

Celo Gold Roadmap

1
Aug 2018

First User Research Trip
Field research on mobile money adoption in Kenya

2
Dec 2018

Mobile Wallet in Market Testing Begins
Ongoing research in emerging markets

3
Feb 2019

MIT Stability Challenge
Stability Protocol tested and improved

4
July 2019

Alfajores Testnet Release
First full network release for protocol and app developers

5
Sep 2019

100th Community Event
100 events hosted in 100 days in more than 35 countries

6
Nov 2019 - Feb 2020

Baklava Testnet – The Great Celo Stake Off
Validators gain operational experience and chance to earn Mainnet Celo Gold, software hardened

7
Feb 2020

SDK Release
ContractKit and DAppKit simplify development of dApps

Social media

Celo Gold web-siteCelo Gold MediumCelo GoldYouTubeCelo Gold InstagramCelo Gold TwitterCelo Gold DiscordCelo Gold Github

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