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Celo Price (CELO)

CELO to USD:1 Celo equals - USD 0% 1D
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Price of CELO today

The live price of Celo is - per (CELO / USD) with a current market cap of $221.14M USD. 24-hour trading volume is - USD. CELO to USD price is updated in real-time. Celo is -% in the last 24 hours with a circulating supply of 570.65M.

CELO Price History USD

Date Comparison Amount Change % Change
Today - 0%
30 Days - 0%
60 Days - 0%
90 Days - 0%

CELO Price Information

24h Low & High
Low: -
High: -
All Time High
$10.66
Price Change (1h)
0%
Price Change (24h)
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Price Change (7d)
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CELO Market Information

Popularity#195
Market Cap$221.14M
Volume (24hours)-
Circulation Supply570.65M
Total Maximum Supply1.00B
Fully Diluted Market Cap$387.52M
All Time High$10.66
Issue Date2020-04-22

About Celo (CELO)

Celo is an open and decentralized platform dedicated to enabling anyone with a mobile phone to access financial services. The "Celo Alliance" includes nearly 100 individuals, tech companies, and organizations from around the world. These partners are active on the Celo platform and help it grow. Celo is a carbon-neutral blockchain supported by more than 100 validators. In the Celo ecosystem, CELO is the fundamental currency, used for exchange and democratic voting. The total supply of CELO is fixed, but its value is variable. With CELO, you can vote for validators and on proposals, thereby influencing the future of the Celo platform.

Celo is both a cryptocurrency and a blockchain network designed to make access to digital assets and cryptocurrencies simple and convenient. By building a fully decentralized payment system, Celo uses users’ phone numbers to create wallets, streamlining the onboarding process.

Celo is a Proof-of-Stake (PoS) Layer 1 blockchain network equipped with a virtual machine that facilitates the development and deployment of smart contracts and decentralized applications (DApps). The Celo ecosystem can issue stablecoins such as cUSD through an algorithmic collateralization model.

One of Celo’s core features is enabling seamless fund transfers between parties using only phone numbers, allowing a phone number to serve as the public key for a Celo wallet address.

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People Also Ask: Other Questions About Celo

What Does CGLD Represent?

CGLD is the utility token of the Celo network, used to secure the network, validate transactions, and provide governance functionality within Celo’s consensus mechanism.

Who Founded Celo?

Celo was founded in 2017 by entrepreneurs Rene Reinsberg and Marek Olszewski, and officially launched in 2020.

What Is Celo Used For?

Celo leverages mobile-friendly cryptocurrency and blockchain technology to make it easier and more convenient for users to access decentralized banking and financial services.

What Is the Maximum Supply of CGLD Tokens?

The maximum supply of Celo tokens is 1 billion.

How Does Consensus and Validation Work on the Celo Network?

Celo uses a Byzantine Fault Tolerant (BFT) Proof-of-Stake (PoS) consensus model in which participants stake CGLD. Validator nodes are elected by individuals who stake CGLD, with a maximum of 100 validator nodes at any given time.

How Is Celo Different from Other Networks?

Celo is a mobile-first blockchain ecosystem designed to make financial services easily accessible. The Celo ecosystem stands out with its environmentally conscious carbon-negative blockchain design, the ability to create wallets using phone numbers, and support for stablecoins backed by nearly all fiat currencies.

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