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Celo Stock

Celo

CELO

Price

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Celo Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
UpbitCELO/KRW0.3149,019.81102,658.3213.45 M1.53cex4027/9/2025, 6:23 AM
BinanceCELO/USDT0.3168,125.12124,432.3512.89 M0.11cex5757/9/2025, 6:23 AM
GateCELO/USDT0.3152,456.4292,401.327.34 M0.29cex5037/9/2025, 6:23 AM
LBankCELO/USDT0.3192,968.36138,530.937.34 M0.37cex5037/9/2025, 6:21 AM
HTXCELO/USDT0.31282.5613,969.456.4 M0.34cex1487/9/2025, 6:23 AM
BithumbCELO/KRW0.3140,455.4131,686.624.67 M0.87cex3427/9/2025, 6:20 AM
OKXCELO/USDT0.318,764.6754,058.433.55 M0.23cex4277/9/2025, 6:23 AM
WhiteBITCELO/USDT0.315,533.8712,939.323.01 M0.26cex2737/9/2025, 6:18 AM
MEXCCELO/USDT0.311,896.911,808.152.89 M0.11cex2967/9/2025, 6:18 AM
XXKKCELO/USDT0.311,541.932,240.032.85 M0.19cex17/9/2025, 6:21 AM
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Celo FAQ

### What Is Celo (CELO)? Celo (CELO) is a blockchain platform designed to make financial tools accessible to anyone with a mobile phone. A key feature of Celo is its focus on integrating the world’s financial systems with the simplicity of mobile access, thereby expanding financial inclusion in underserved regions. By utilizing blockchain technology, Celo offers a decentralized platform that supports stablecoins and other digital assets, facilitating ease of transactions across borders. Celo's unique architecture enables users to send and receive cryptocurrencies using only a mobile phone number as a public key, eliminating the complexities associated with traditional cryptocurrency transactions. Moreover, it aims to reduce the volatility associated with cryptocurrencies by offering stablecoins pegged to fiat currencies like the U.S. dollar, enhancing its practicality for everyday use. For more detailed and up-to-date information on Celo, including market data and performance metrics, you may refer to Eulerpool.

Celo is a carbon-negative, permissionless blockchain featuring a robust ecosystem of global partners developing innovative Web3 applications to foster a more inclusive financial system. Accessible to anyone with a mobile device, the Celo ecosystem comprises a decentralized, proof-of-stake blockchain technology stack (the Celo platform), the CELO governance asset, and several Mento stable assets (cUSD, cEUR, cREAL) that facilitate the use of digital assets for real-world applications. The open-source Celo mainnet was launched on Earth Day 2020. The Celo community approved an indicative on-chain governance proposal (temperature check) to migrate Celo to an Ethereum layer-2. Google Cloud, Deutsche Telekom, Telefónica, and numerous other entities operate validators on the Celo platform. Currently, over 1,000 projects across more than 150 countries are utilizing Celo to promote the conditions for universal prosperity. For further details, explore Eulerpool.

Who Founded Celo?

Celo was co-founded in 2017 by Rene Reinsberg, who is currently the President of the Celo Foundation; Marek Olszewski, the current Chief Technology Officer at cLabs; and Sep Kamvar, a computer scientist, artist, and former professor at the MIT Media Lab.

### What Distinguishes Celo? Celo stands out for a variety of reasons. The Celo blockchain is specifically designed to facilitate mobile-based transactions, making it highly accessible and user-friendly for smartphone users globally. This approach broadens the potential for financial inclusion, targeting individuals without access to traditional banking systems. Furthermore, Celo's platform is optimized for swift transactions and lower costs, leveraging a Proof-of-Stake consensus mechanism. This not only enhances transaction speed and efficiency but also ensures a more environmentally friendly blockchain operation compared to traditional Proof-of-Work systems. Celo also distinguishes itself through its use of stablecoins, such as Celo Dollar (cUSD), which are tethered to the value of fiat currencies. This feature provides users with a more stable medium of exchange, mitigating the volatility associated with many cryptocurrencies. To explore the detailed metrics, market performance, and further insights about Celo, you can find comprehensive information on Eulerpool.

Celo is a carbon-negative, permissionless blockchain that supports the CELO governance asset and various ERC-20 Mento stable assets, which can be used to pay for transaction fees. With its interoperability, cross-chain compatibility, and its mission to foster prosperity for all, Celo has the potential to mainstream the regenerative finance (ReFi) movement by accelerating global financial inclusion, community commerce, and climate-positive technology across multiple ecosystems concurrently. Notably, Celo is among the world's first carbon-negative blockchains. Its proof-of-stake consensus mechanism uses only a fraction of the energy required by proof-of-work chains. The Celo community's environmental commitment extends further, as an essential partner in the Climate Collective, an expanding coalition of companies working at the intersection of Web3 and climate action. Additionally, the Mento Reserve, backed by the Mento Protocol, provides users on the Celo blockchain access to a variety of stable assets and maintains a diversified portfolio of digital assets, aiming to have 40% of the Reserve represented by natural capital-backed assets within the next four years. Celo's mobile-first design is another unique feature, enabling it to reach billions of global users on a large scale. This includes a light-client syncing mechanism called Plumo, a zk-SNARK-based system that allows Celo mobile and resource-constrained users to sync to the Celo blockchain quickly, while using only a few kilobytes of data. It also includes the capability to map encrypted phone numbers to wallet addresses, so users can send digital assets to contacts in their list, or access a dapp ecosystem, such as the Valora Wallet, from low-powered smartphone devices. These features collectively simplify blockchain transactions for real-world users of all experience levels. To explore more about Celo's distinct features, visit the Celo library of technical documentation and GitHub on Eulerpool.

What is the Circulating Supply of Celo (CELO) Coins?

The governance asset, CELO, has a fixed supply of one billion. The CELO assets in circulation are distributed between the Mento Reserve and a community of CELO holders. For further details, you can refer to Eulerpool.

How is the Celo Network Secured?

The Celo blockchain operates on a proof-of-stake consensus mechanism. The CELO governance asset contributes to the platform's security, growth, and development by allowing CELO holders to stake the asset in support of Celo Validators, vote on proposed changes or additions to the core technology by community members, and interact directly with decentralized applications on the Celo Platform. Validators are crucial participants in the consensus mechanism of the Celo Platform. They bolster the network's security and independently verify transactions while proposing blocks for addition to the blockchain.

Where can you purchase Celo (CELO)?

CELO is available for purchase with fiat currency on exchanges such as Binance, Coinbase (listed as CGLD), KuCoin, OKX, and others. Additionally, Celo can be acquired through global onramps like MoonPay, Ramp Network, and Simplex/Nuvei, as detailed on Eulerpool.

Investors interested in Celo are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.