Celo Logo

Celo CELO

Celo header image

1. Summary

Ranks

Liquidity
Developer
Social
Momentum (beta)
Stack Rank™
Price
$0.81 -2.7%
Market Cap
$373.04M (#88)
Supply
462.32M / 1.00B
Price
52W High price $7.68
52W High date 25th Sep 2021 (1 year ago)
All Time High (ATH) Date 30th Aug 2021 (1 year ago)
ATH Price $9.82
% From ATH -91.12%
All Time Low (ATL) Date 18th Jun 2022 (3 months ago)
ATL Price $0.75
% From ATL 16.99%
Supply & Trading Volume
Trading Volume (24h) $9.20M
Total Supply 1.00B
Max Supply 1.00B
Circulating Supply 462.32M
Description

Celo is essentially this platform that fills the role of global payment infrastructure for cryptocurrencies with attention to mobile users. The idea it has is simple, to make payments accessible by anyone on a global scale through any phone number in the world.

Celo is essentially this platform that fills the role of global payment infrastructure for cryptocurrencies with attention to mobile users. The idea it has is simple, to make payments accessible by anyone on a global scale through any phone number in the world.

Celo also supports the development of decentralized applications (dApps) on its blockchain.

To do this, it has two native tokens, such as CELO which is used as a governance asset for voting on changes on the protocol, and Celo Dollars or cUSD which is a stablecoin that mirrors the value of the U.S. dollar.

It was founded in 2017 and between 2018 and 2020 it raised over $46 million through selling 120 million CELO tokens.

The CELO Token Explained

The CELO cryptocurrency is intended for the maintenance as well as the operation of the Celo platform and can be used for sending, receiving as well as holding and staking. Through owning and staking a CELO token, a user gets the ability to vote on the upgrades of the network, where each vote is proportional to the amount of CELO tokens that specific user stakes. The participants here can earn rewards this way.

An interesting part about CELO is the fact that the supply itself is limited which means that there will only ever be 1 billion CELO ever made. An important thing to note here is that Cleo’s system has a requirement where the validator nodes can be voted in by CLEO token holders.

Features of Celo

When it comes to the features and the functionality of the Celo network, it is reliant on three contributors. First, you have what is known as light clients, who are the Cleo Network applications running on user’s mobile devices, such as Cleo’s mobile wallets.

Then you have the validator nodes, which are the computers that participate in the consensus mechanism of Cleo in order to validate the transactions and produce new blocks in the process. Last but not least you have the full nodes that are the computers that act as a bridge between the Validator nodes as well as the mobile wallets and take requests from light clients and forwarding the transactions to validator nodes.

Discussing the governance mechanism, it is known as Byzantine Fault Tolerance (BFT) and it is intended to keep the distributed network of computers in sync. In order for the validator nodes to power the blockchain as well as vote on the changes that can occur, they have to actually stake a minimum of 10,000 CELO tokens which means that anyone that owns CELO can help operate the network. You also have Celo’s ability to operate stable coins such as cUSD which offers efficiency alongside transparency when it comes to making crypto transactions. It automatically ensures that the value of each cUSD token is equal to one U.S. dollar through what is called a programmatic reserve, which is an overcollateralized reserve consisting of CELO and other cryptocurrencies.

Founders of Celo (CELO)

Discussing the founders of Celo, it was originally created by a team of people from Google, Visa, GoDaddy, World Bank, Federal Reserve Bank, Harvard University, as well as other impressive locations and portfolios.

You also have the dedicated Celo Foundation which is a non-profit that launched with its mainnet, and you also have the Celo Alliance for Prosperity which is described as the ecosystem of mission-aligned organizations.

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2. Price

CELO/USD

2.1. Market Performance

How does Celo's (CELO) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-20.2%

CELO

-24.0%

Similar Market Cap

60 Day Return

-4.1%

CELO

-1.5%

Similar Market Cap

1 Year Return

-79.5%

CELO

-50.0%

Similar Market Cap

3. Developer Activity

We're monitoring 172 Celo GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Celo Repos)

Commits vs. The Market

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Most Active Repos

Past week 0
Past 12 weeks 95
Past year 1274
Past week 46
Past 12 weeks 134
Past year 1154
Past week 0
Past 12 weeks 33
Past year 401
Past week 30
Past 12 weeks 118
Past year 303

Top Developers 2022

In total, YDntw (Upgrade to view) developers have contributed to Celo over the past year. Who are the most active Celo developers, by commits, over the past year?

Related Projects

Developers working on Celo also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 7,691
Active Reddit Users (past 24h) 19
Discord users
Active Discord Users
Telegram Users 10,975
Twitter followers 405,467
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://celo.org/
Explorer https://explorer.celo.org/blocks
Twitter @CeloOrg
reddit /r/celo
Forum https://forum.celo.org/

What is the correct contract address for Celo?

Celo 0x471ece3750da237f93b8e339c536989b8978a438

Has Celo been audited for security?

No security audits found for this project.

Are you the owner of Celo? Edit it here

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