Community Trust ScoreVerified
Celo: “People want to be a part of something more grounded, something that leverages web3 tools to make an impact on the way humanity operates. And I think they’ll find it in the Celo community.”
On community mission: “Celo is based on a belief that programmable money will unlock new economic models, and that changing the features of money (which is possible because money’s just a technology) can lead to a more beautiful world.”
On ReFi: “ReFi seems hippie, but it isn’t anti-growth or anti-progress…It’s for a new financial model that includes and regenerates people as individuals with unique talents, communities as economic hubs, and the health and biodiversity of global ecosystems.
On the builder community: “The community building regenerative apps on Celo is and will continue to be its competitive advantage in a multi-chain world – it will be a beacon to other builders in the space, a Schelling Point for those using programmable money for good.”
On stablecoins: “if people accept backing stablecoins with both nothing and other made up currencies, why couldn’t you back stablecoins with things that protect the planet, and have the added benefit of being stable themselves: natural capital backed assets?”
The Celo Community firmly believe that in the next year, Celo will become the most mentioned crypto project. They claim that Celo’s initiatives are already changing the world for better.
However, there are critics who state, “Celo still exists right? Is the team still working? Be a hero or die, never live like a mouse.”
So, what is the truth about Celo? A sneak peak in to Celo Connect 2022 helps:
- Creativity is booming at the intersection of Web3 and impact: Web 3 is thinking across how urgently recipients will need cash, how they’re onboarded to the platform, who’s being compensated for that work, and how people cash out, and more.
- Fractionalization and ownership will revolutionize financial access: Fractionalization plays an important role in making small payments quick and efficient.
- User experience is still an afterthought: They are still trying to prove the technology. And user experience is of secondary importance as proving technology stands first.
- CICO is critical: Cash in and Cash out (CICO) of Web3 is a challenge.
- Navigating from experiments to reality: There are too many pilots happening. There is lot of money backing good ideas and definitely lot of hype. Validating the right ideas is becoming important.
Celo Connect 2022 establishes that idea that DeFi still needs design to make an impact with last-mile users. They are likely to place emphasis on quick CICO and small payments. We need to wait and see. They are working, but not at the speed of light.
