Overview
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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.
DetailsIEO (Coinlist Launchpad): May 11, 2020 - May 11, 2020Raised: 6,500,000 USD LegalCountry limitations: USA | Token infoTicker: CELOToken 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
First User Research Trip
Field research on mobile money adoption in Kenya
Mobile Wallet in Market Testing Begins
Ongoing research in emerging markets
MIT Stability Challenge
Stability Protocol tested and improved
Alfajores Testnet Release
First full network release for protocol and app developers
100th Community Event
100 events hosted in 100 days in more than 35 countries
Baklava Testnet – The Great Celo Stake Off
Validators gain operational experience and chance to earn Mainnet Celo Gold, software hardened
SDK Release
ContractKit and DAppKit simplify development of dApps