Mga Cryptocurrency:  7,807Mga Market:  33,555Market Cap:  $536,780,529,66724h Dami:  $146,393,919,108Dominance ng BTC:  62.3%

Celo (CELO)

$1.79 USD (-1.91%)
0.00009939 BTC (-5.33%)
Earn Crypto
  • Market Cap
    $223,065,033 USD
    12,369 BTC
  • Dami (24 na oras)
    $1,756,289 USD
    97.38461985 BTC
  • Umiikot na Supply
    124,447,717 CELO

    Reported Circulating Supply

    184,447,712 CELO
  • Kabuuang Supply
    1,000,000,000 CELO
  • Sagad na Supply
    1,000,000,000 CELO

Tungkol sa Celo

What Is Celo (CELO)?

Celo is a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users.

By using phone numbers as public keys, Celo hopes to introduce the world’s billions of smartphone owners, including those without banking access, to transacting in cryptocurrency.

The network also allows for the creation of smart contracts and decentralized applications (DApps) as part of decentralized finance (DeFi). Its mainnet was launched in April 2020.

The platform has two native tokens. CELO is a proof-of-stake (PoS) token used for transaction fees, governance participation and related activities. In future, the platform aims to host various stablecoins, with one, the Celo Dollar (CUSD), already in use.

Who Are the Founders of Celo?

Celo was originally founded by Rene Reinsberg in August 2017. Reinsberg previously worked for several years at internet domain registrar and web hosting company GoDaddy.

Since then, Celo has grown to accommodate a large team, which the company says includes experience from diverse areas including the public and private sector, technology, nonprofits and NGOs.

Separate entities are aimed at Celo’s promotion and preservation. The dedicated Celo Foundation is a non-profit which launched along with the mainnet, while the Celo Alliance for Prosperity is what the company describes as an “ecosystem of mission-aligned organizations.”

What Makes Celo Unique?

Celo’s main unique selling point lies in its focus on smartphone users. The company argues that the number of smartphone owners is increasing exponentially, but the number of people using cryptocurrency is rising at a much slower pace.

Cryptocurrency is further highly suited to regions in which a large section of the population does not have access to the banking sector, but still has a smartphone.

Bridging the gap between the two technologies is what Celo aims to do, along with harnessing the benefits of DeFi by supporting the creation of DApps and smart contracts.

Optimized for mobile, the Celo blockchain automatically calculates transaction fees, and also allows users to pay the gas fees which power transactions in any currency.

Read more about Facebook Libra here.

Crypto newbie? Find out everything you need to know on Alexandria, CoinMarketCap’s dedicated education resource.

Click here to check out CoinMarketCap’s blog.

How Many Celo (CELO) Coins Are There in Circulation?

CELO and CUSD perform complementary functions within the Celo platform.

CELO has a capped supply of 1 billion (1,000,000,000) tokens, of which 600 million were available when the mainnet launched in April 2020.

The last 40% of the supply will be released gradually via fees and rewards, and various vesting schedules are in place depending on how initial investors received their tokens.

In addition, up to 120 million CELO will go towards a reserve designed to maintain the validity and price stability of CUSD. As a stablecoin, CUSD is envisioned as a convenient payment method for Celo users who will not have to worry about their holdings fluctuating in value.

How Is the Celo Network Secured?

Celo uses proof-of-stake to maintain security, and has a complex election process to determine validators of its blockchain.

Holders of CELO are able to use their holdings as a means of participating in elections by voting for groups of validators.

Where Can You Buy Celo (CELO)?

CELO is a freely tradable cryptocurrency on the ERC-20 token standard, available at various major exchanges. These include Coinbase Pro and Bittrex, with cryptocurrency, stablecoin and fiat pairs in use.

New to cryptocurrency? Check out our easy guide to buying Bitcoin (BTC) or any other token.

Celo Price Today
Presyo ng Celo$1.79 USD
24 Oras na Mataas / Mababa
$1.87 USD /
$1.78 USD
Dami sa loob ng 24 Oras$1,756,289 USD
Market Cap$223,065,033 USD
Ranggo sa Merkado#63
Yesterday's Celo Price
Mataas / Mababa Kahapon
$1.87 USD /
$1.76 USD
Pagbubukas / Pagsasara Kahapon
$1.78 USD /
$1.86 USD
Pagbabago Kahapon$0.079032 USD (4.45%)
Dami Kahapon$2,297,797 USD
Historic Celo Price
7 Araw na Mataas / Mababa
$2.09 USD /
$1.71 USD
30 Araw na Mataas / Mababa
$2.12 USD /
$1.41 USD
90 Araw na Mataas / Mababa
$4.73 USD /
$1.41 USD
52 Linggong Mataas / Mababa
$4.73 USD /
$0.795534 USD
$4.73 USD
(Sep 04, 2020)
$0.795534 USD
(May 22, 2020)
ROI ng Celo
Celo Supply Details
Umiikot na Supply124,447,717 CELO
Kabuuang Supply1,000,000,000 CELO
Sagad na Supply1,000,000,000 CELO
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