A fundamental step towards the ultimate goal of a global financial system is to ensure that Celo native assets are accessible to everyone. Celo is an open platform that makes financial tools accessible to anyone with a mobile phone.
Thousands of organizations and individuals are developing, growing, and governing Celo, an open-source platform that enables anyone to build borderless applications
Mobile: Hyper-efficient light client and full node incentives allowing for scalability to 6 billion smartphones. Full EVM compatibility making it easy to get started.
Stable: Growing family of native stablecoins, like Celo Dollars, which follow the value of fiat currencies. Pay transaction fees with stablecoins or your own tokens.
Usable: Users can easily send currency to any mobile number, enabled by Celo’s decentralized phone verification protocol, and get access to a growing ecosystem of global cash-in cash-out options.
Named for the currencies they follow, Celo Dollars (cUSD) and Celo Euro (cEUR) are stablecoins that allow you to share value faster, cheaper and more easily on your mobile phone.
CELO is a utility and governance asset for the Celo community, which has a fixed supply and variable value. With CELO, you can help shape the direction of the Celo Platform.
A diversified portfolio of cryptocurrencies supporting the ability of the Celo protocol to expand and contract the supply of Celo stable assets, in-line with user demand provide for the stellar reserve.
The initial CELO amount allocated to the reserve may be diversified into other non-CELO crypto assets, the market fluctuates constantly and the reserve rebalances systematically, so the actual holdings will be off-target initially.
Reserve trades are generally done on exchanges (following best execution principles), with some of the initial diversification trades being done OTC, with multi-year lock-ups on CELO sold. Reserve rebalancings are happening biweekly, targeted in every odd calendar week.
A primary upside of using crypto assets in the Reserve is that all user transactions with the Reserve can happen on-chain, in a decentralized and fully-auditable way.
Currently, CELO is available for purchase on Bilax, Binance, Bittrex, Coinbase, CoinBene, Coinlist, Gate.io, Hoo, Indodax, Naijacrypto, OKCoin, OKEx, Rekeningku, UPbit Korea, UPbit Indonesia, and VALR. Additionally, cUSD is available for purchase on Bittrex, Coinlist, and OKCoin.
CELO ORG Development 101, is a free, online course for developers who are interested in creating dApps for Celo. Many of the community members are already enrolled and learning.
Dacade provides for peer-to-Peer Learning. Also, Dacade makes learning multiplayer.
cLabs opine that Creating prosperity for all means that people should be able to thrive at work no matter who they are and who they love.
Get the latest Crypto & Blockchain News in your inbox.