#72. Celo (CELO)

Celo enables participation on the Platform, with the opportunity to earn rewards through network participation. Celo’s stability mechanism and token economics are designed in such a way that demand for cGLD directly increases as demand for Celo Dollars (cUSD) and other stable value assets increases. cGLD is a native cryptographic digital asset created at the mainnet release of the Celo Platform. cGLD has no relationship to physical gold. cGLD is a utility and governance asset required to participate on the Celo Platform. Some uses include: Running a validator to secure and operate aspects of the Celo Platform Voting for validators working to secure and operate the Celo Platform Participating in governance decisions to influence the future of the Celo Platform Supporting applications on the platform cGLD forms part of the overcollateralized reserve that supports the Celo stable value assets (initially Celo Dollar or cUSD). The Celo Protocol automatically adds cGLD to the reserve whenever the Celo stable value asset supply increases.

CELO Price Analysis

The price of CELO has gone up 2.37% in the past 24 hours.

Celo (CELO) is a cryptocurrency. Celo has a current supply of 1,000,000,000 with 124,447,717 in circulation. The last known price of Celo is $2.59 USD and is down -6.73% over the last 24 hours. It is currently trading on 15 active market(s) with $8,630,327.528 traded over the last 24 hours. More information can be found at https://celo.org/.