02/26/2025
BTC88,932.0
ETH2,481.51
USDT0.999971
XRP2.32
BNB628.93
SOL143.5
USDC0.999898
DOGE0.211976
BUSD0.996711

Celo (CELO) Price

CELO
4,5
$0.389391
Market cap
218,881,790.0
Total volume
42,678,682
Circulating supply
562,409,366
Total supply
1,000,000,000
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.
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