The current price of Celo is $0.66200. Since 00:00 UTC, Celo has increased by +1.53%. It currently has a circulating supply of 556,692,051 CELO and a maximum supply of 1,000,000,000 CELO, giving it a fully diluted market cap of $368.86M. At present, the Celo coin holds the 98 position in market cap rankings. The Celo/USD price is updated in real-time.
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Celo (CELO) is a blockchain-powered financial ecosystem that focuses on creating an inclusive and scalable decentralized financial world. It is often referred to as a regenerative finance (ReFi) project because it aims to enable easy user onboarding and foster financial inclusivity. Additionally, Celo strongly emphasizes environmental sustainability through its carbon-negative approach.
What is Celo?
Celo is a Layer 1 blockchain that provides a comprehensive financial toolbox for users and developers involved in decentralized finance (DeFi). It offers a range of decentralized applications (Dapps) and operates on a transparent governance model. One notable feature of Celo is its ability to utilize real-world assets, such as cEUR and cUSD, as digital currencies through its stablecoin suite.
At the core of Celo's stablecoin suite is the Mento protocol, which efficiently manages the stablecoins. Additionally, Celo is designed with a mobile-first approach, prioritizing a user-friendly experience and enabling quick and seamless user onboarding.
The Celo team
Celo was founded in 2017 by Rene Reinsberg, the president of the Celo Foundation. The foundation is a non-profit organization that supports the growth and development of the Celo blockchain. Other founding team members include Sep Kamvar, a computer scientist, Marek Olszewski, the CTO of Celo Labs, and Isha Varshney, head of DeFi.
How does Celo work?
Celo is a decentralized financial blockchain that enables seamless asset transfers between blockchains. It utilizes an Ethereum Virtual Machine (EVM)-compatible chain secured by the Byzantine fault tolerance (BFT) consensus mechanism. The involvement of Proof of Stake (PoS) consensus provides staking incentives for CELO token holders, who also use CELO tokens for governance votes to influence protocol changes. Celo offers DeFi exposure through its ERC-20 compatible Mento stablecoins. These stable assets, powered by Mento, can be used for transaction fees alongside CELO tokens.
Celo’s native token: CELO
CELO is the native token of the Celo ecosystem, supporting the governance structure and covering network transaction fees. It also plays a crucial role in ensuring the stability of the Mento-powered stablecoins. With a hard supply cap of 1 billion, 50 percent of the CELO tokens are already in circulation.
To stake CELO tokens, purchase them and transfer them to a Celo-compatible wallet. From there, you can stake your CELO tokens on Celo's native platform or utilize a compatible centralized exchange (CEX) or decentralized exchange (DEX) for staking. On Celo's native platform, staking involves delegating your CELO tokens to a validator or a validator group.
CELO distribution
CELO tokens follow a distribution structure that includes the following segments:
Initial Coin Offering (ICO) sales pools: This segment includes tokens distributed during the initial coin offering or token sale event.
Allocation to the community fund: A portion of CELO tokens is allocated to the community fund, intended to support various initiatives and projects within the Celo ecosystem.
Tokens held by the Celo reserve: A certain percentage of CELO tokens are stored in the Celo reserve, which helps maintain stability and liquidity within the network.
Allocation to the treasury: CELO tokens are allocated to the treasury to support future developments and incentivize network participants, ensuring the growth and sustainability of the Celo platform.
Celo and the future of carbon-negative blockchains
Celo is at the forefront of carbon-negative blockchains, emphasizing sustainability as a core focus. In addition to its commitment to being carbon-negative, Celo actively supports DeFi applications and has forged partnerships to enhance its ecosystem. A notable collaboration is with Chainlink, providing developers building on Celo with access to valuable data.
Furthermore, the Celo ecosystem is expanding its horizons by incorporating INX, the native token of the Insight Protocol, into its ecosystem. This expansion showcases Celo's commitment to fostering interoperability and embracing innovative projects within its network.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2K new posts about Celo, driven by 185 contributors, and total online engagement reached 265K social interactions. The sentiment score for Celo currently stands at 72%. Compared to all cryptocurrencies, post volume for Celo currently ranks at 2167. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Celo.
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Posts
1,962
Contributors
185
Interactions
265,334
Sentiment
72%
Volume rank
#2167
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Posts
1,863
Interactions
173,941
Sentiment
80%
CELO FAQ
How much is Celo worth today?
Currently, one Celo is worth $0.66200. For answers and insight into Celo's price action, you're in the right place. Explore the latest Celo charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Celo, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Celo have been created as well.
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