Celo price

in USD
$0.33100
+$0.0050000 (+1.53%)
USD
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Market cap
$191.47M #107
Circulating supply
576.03M / 1B
All-time high
$10.6260
24h volume
$16.90M
4.1 / 5
CELOCELO
USDUSD

About Celo

Layer 1
CertiK
Last audit: Sep 26, 2022, (UTC+8)

Celo’s price performance

Past year
-39.71%
$0.55
3 months
-12.07%
$0.38
30 days
+29.44%
$0.26
7 days
-6.48%
$0.35
57%
Buying
Updated hourly.
More people are buying CELO than selling on OKX

Celo on socials

Brother Lyskey 🐺🐱
Brother Lyskey 🐺🐱
L2 demand for Ethereum blobs is gradually increasing over time Rollups are sustaining ~300–400 TPS The Ethereum ecosystem is definitely looking gud
AB Kuai.Dong
AB Kuai.Dong
The previous payment king Celo, the largest stablecoin platform Mento, seems to be leaving, positioning itself as an on-chain foreign exchange platform. First, through the cross-chain protocol Wormhole, it plans to expand 15 issued USD, EUR, and JPY stablecoins to Solana, Base, and other chains. It then provides DEX and liquidity to make different forex tokens tradable. It should be noted that at present, the US dollar and euro have a certain liquidity and depth, and most of the others are only suitable for small exchanges, mainly because for security reasons, a 200% collateral ratio is required to mint the corresponding fiat currency tokens, which reduces some arbitrage opportunities. Although Mento's idea is very good, it still needs to be tested by the market, and the current deposit and withdrawal channels for Mento cooperation are mainly US dollars and the euro area, and the real hard demand should be Asia. I have a hunch that driven by the tide of stocks, U.S. bonds, and foreign exchange chains this year, there should be more and more such projects. Old payment and stablecoin projects may also accelerate their transformation here.
Mento (fx/acc)
Mento (fx/acc)
Mento is going multichain! We are integrating @wormhole's NTT standard to enable onchain FX and stablecoin interoperability across 40+ chains. A key milestone in building the missing FX layer of the internet. Here’s what it unlocks ↓
Sébastien Derivaux
Sébastien Derivaux
1/ Time for a review of the ethereum ecosystem stats I have. Activity in term of transactions and active wallet is going up, with a lot of it on @base

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Celo FAQ

Celo is a Layer 1 blockchain compatible with the Ethereum virtual machine (EVM). Its primary objective is to promote financial inclusivity and streamline the onboarding process for DeFi. Notably, Celo has a mobile-friendly design, prioritizing accessibility for users. Additionally, Celo offers a suite of stablecoins pegged to real-world assets, providing stability within its ecosystem.

Celo opens the world to financial inclusivity by making stablecoins accessible and less volatile. Plus, the ecosystem is carbon-negative and comes with a rich Decentralized Application (Dapp) ecosystem — allowing users to explore a world of possibilities.

While it’s challenging to predict the exact future price of CELO, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
Currently, one Celo is worth $0.33100. 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.
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.
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.
Check out our Celo price prediction page to forecast future prices and determine your price targets.

Dive deeper into Celo

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.

How to stake CELO?

Staking CELO tokens involves locking them up in smart contracts with pre-defined annual percentage yields (APYs). 

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.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$191.47M #107
Circulating supply
576.03M / 1B
All-time high
$10.6260
24h volume
$16.90M
4.1 / 5
CELOCELO
USDUSD
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