Homepage:
https://celo.org/
| https://www.celocamp.com/
Twitter: celo
Telegram: celoplatform
Celo (CELO) Price
CELO
$0.97609
Market cap
541,838,809.0
Total volume
217,898,603
Circulating supply
556,692,051
Total supply
1,000,000,000
cGLD was introduced as a digital asset native to the Celo ecosystem with the launch of its mainnet. It is important to note that cGLD does not have any connection to physical gold.
cGLD serves both as a utility and governance token enabling involvement on the Celo platform. Its applications include:
Operating a validator node to help secure and manage the Celo network
Electing validators to ensure the network remains secure and efficient
Engaging in governance to help steer the direction of the Celo ecosystem
Backing applications developed on the platform
cGLD is an essential component of the overcollateralized reserve, which underpins the value of Celo stable assets, starting with the Celo Dollar or cUSD.
As the quantity of Celo stable value assets grows, the Celo Protocol automatically incorporates cGLD into its reserve, ensuring sustainable economic stability.
