icon - Celo
$ 0.60957652
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 144
    $ 0.60957652
    $ 299,626,327
    $ 13,108,718
    491,531,934 CELO
You can learn more about this project by diving into Celo.
What is Celo?
Celo is focused on increasing the adoption of cryptocurrencies among smartphone users.
By using phone numbers as public keys, Celo hopes to introduce the world's billions of smartphone owners, including those without banking access, to transact incryptocurrencies.
The network allows for the creation of smart contracts and applications.
There are two native token on the platform. CELO is used for transaction fees, governance participation and related activities.

Who are the people who started Celo?
Celo was founded by a group of people from MIT, Harvard University, University of Pennsylvania Law School, Cambridge University, and the Federal Reserve Bank.
Celo's promotion and preservation are the focus of separate entities.

What makes Celo unique?
The main selling point of Celo is its focus on smartphone users.
There is a large section of the population that does not have access to the banking sector and still has a phone.
Celo wants to bridge the gap between the two technologies by supporting the creation of DAPPS and smart contracts.
Users can pay the gas fees which power transactions in any currency with the help of the Celo blockchain.

There are related pages.
You can read more about it here.
Is it a new person?
Click here to read his writings.

How many CELO coins are in circulation?

When the mainnet launched in April 2020, CELO had a capped supply of 1 billion (1,000,000,000) token, of which 600 million were available.
Fees and rewards will be used to gradually release the last 40% of the supply.
Up to 120 million CELO will go towards a reserve designed to maintain the validity and price stability of CUSD.

How is the Celo network secured?
Celo uses proof-of-stake to maintain security and has a complex election process to determine validators.
CELO holders can use their holdings to vote for groups of validators in elections.

Where can you buy Celo?
CELO can be traded on various major exchanges.
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