Celo (CELO) Price

Name: Celo
Brand: Cryptocurrency
SKU: CELO
Price: 0.673817 USD
Availability: InStock
Rating: 4,5 (10 reviews)

CELO

Celo

4,5

★

$0.673817

0.15%

Today's Current Price in US Dollar

Market cap

373,188,388.0

Total volume

101,220,512

Circulating supply

553,833,395

Total supply

1,000,000,000

Buy / Long

Sell / Short

Celo facilitates engagement on its platform, offering users a chance to obtain rewards by participating in the network. The design of Celo's stability mechanism and its economic model ensure that the demand for cGLD rises in conjunction with the increasing demand for Celo Dollars (cUSD) and other stable assets.

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.

Homepage: https://celo.org/ | https://www.celocamp.com/
Twitter: celo
Telegram: celoplatform