$187,572,285
Total Market Cap
1,000,000,000 CELO
Circulating Supply
$23,658,769
24h Volume
$187,572,285
Total Market Cap
1,000,000,000 CELO
Circulating Supply
$23,658,769
24h Volume
# | Signal | Exchange | Type | Age |
---|
Logo | Exchange | Price | Pair | Spread | 24h Volume |
---|---|---|---|---|---|
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Binance | $0.3301 | CELOUSDT | $0.00 | $3,969,995 |
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Binance.us | $0.3191 | CELOUSDT | $0.03 | $157 |
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BingX | $0.3304 | CELO/USDT | $0.00 | $64,431 |
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Bitfinex | $0.34 | CELO/USD | $0.04 | $7 |
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BitMart | $0.3303 | CELO/USDT | $0.00 | $124,517 |
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Bybit | $0.3306 | CELO/USDT | $0.00 | $584,247 |
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HitBTC | $0.34656 | CELO/USDC | $0.00 | $0 |
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HTX | $0.3298 | CELO/USDT | $0.00 | $4,960,550 |
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Kraken | $0.329 | CELO/USD | $0.00 | $32,518 |
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KuCoin | $0.3303 | CELO/USDT | $0.00 | $726,329 |
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OKX | $0.3229 | CELO/USD | $0.00 | $343 |
Celo (CELO) is a blockchain platform designed to make financial tools accessible to anyone with a mobile phone. As an open-source project built on Ethereum technology, Celo stands out with its mobile-first approach and focus on creating an inclusive financial system that addresses real-world problems. You can easily trade CELO on your preferred exchange using Cryptohopper's automated trading bot.
Celo (CELO) is both the name of the blockchain platform and its native cryptocurrency token. Launched in 2020, Celo was created to bring the benefits of blockchain technology and decentralized finance (DeFi) to smartphone users worldwide, particularly in regions with limited banking infrastructure. The Celo platform enables fast, secure, and stable value transfers using just a mobile number as an address, eliminating the complexity typically associated with cryptocurrency transactions.
The CELO token serves as the governance and utility token of the Celo ecosystem. As a proof of stake cryptocurrency, CELO functions as the backbone of the network's security and ecosystem operations.
The Celo platform operates through several key components that work together to provide its unique functionality:
Celo's blockchain is designed specifically for mobile devices, with lightweight clients that can operate efficiently on smartphones. The platform uses a phone number mapping system that links mobile numbers to public keys, making it possible to send cryptocurrency to anyone in your contact list without needing to remember complex addresses.
Celo uses a variant of the Byzantine Fault Tolerance (BFT) proof-of-stake consensus mechanism. This approach allows for fast transaction finality while maintaining security and using significantly less energy than proof-of-work systems like Bitcoin.
Alongside the CELO token, the platform supports various stable cryptocurrencies (like cUSD, cEUR, and cREAL) that track the value of traditional currencies. These stablecoins use an algorithmic stabilization mechanism backed by a diversified crypto reserve to maintain their pegs.
Celo (CELO) operates on a proof-of-stake mechanism, offering staking opportunities rather than mining. Here's how the staking system works:
CELO holders can become validators by staking a minimum amount of tokens and running validator nodes. Validators are responsible for processing transactions and producing new blocks. They earn rewards in the form of newly minted CELO tokens and transaction fees.
Users who don't want to run validator nodes can still participate in network security and earn rewards by delegating their CELO tokens to existing validators. This process, known as delegated staking, allows anyone holding CELO to earn passive income proportional to their staked amount.
Unlike proof-of-work cryptocurrencies, Celo does not support mining. The energy-efficient proof-of-stake model eliminates the need for specialized mining hardware and substantial electricity consumption, aligning with Celo's mission of sustainability.
The CELO token serves multiple purposes within the ecosystem:
CELO holders can participate in on-chain governance by proposing and voting on protocol changes, ensuring the platform evolves democratically.
By staking CELO tokens, users help secure the network and maintain its integrity while earning rewards for their participation.
CELO is used to pay for transaction fees on the network, though these fees are designed to be minimal to ensure accessibility.
CELO serves as one of the reserve assets backing Celo's stablecoins, contributing to price stability within the ecosystem.
When launched, Celo (CELO) tokens were distributed through several channels:
The token release followed a gradual schedule to prevent market disruption and ensure sustainable ecosystem growth. The total supply of CELO is capped at 1 billion tokens, with new tokens being minted as rewards for validators and delegators.
Celo has a strong emphasis on social impact, with initiatives targeting financial inclusion, humanitarian aid, and environmental sustainability. The platform has been used to distribute aid and create microfinance opportunities in developing regions.
Celo is compatible with the Ethereum Virtual Machine (EVM), making it easy for developers familiar with Ethereum to build applications on Celo with minimal adjustments.
The platform is committed to environmental sustainability and operates as a carbon-negative blockchain by funding carbon offset projects that exceed the network's carbon footprint.
Celo hosts a vibrant decentralized finance ecosystem with applications including lending platforms, decentralized exchanges, yield farming opportunities, and more.
Ready to add Celo (CELO) to your cryptocurrency portfolio? You can effortlessly trade CELO on any supported exchange using Cryptohopper's automated trading bot, which helps you execute your trading strategy 24/7 without constant monitoring.
Below are the most popular denominations to convert to USD and back into CELO
CELO | US Dollar |
---|---|
0.01CELO | 0.00USD |
0.1CELO | 0.03USD |
1CELO | 0.33USD |
2CELO | 0.66USD |
3CELO | 0.99USD |
5CELO | 1.64USD |
10CELO | 3.29USD |
25CELO | 8.22USD |
50CELO | 16.44USD |
100CELO | 32.87USD |
250CELO | 82.18USD |
500CELO | 164.35USD |
1000CELO | 328.70USD |
10000CELO | 3,287.00USD |
50000CELO | 16,435.00USD |
100000CELO | 32,870.00USD |
US Dollar | CELO |
---|---|
0.01 USD | 0.03042288CELO |
0.1 USD | 0.30422878CELO |
1 USD | 3.04228780CELO |
2 USD | 6.08457560CELO |
3 USD | 9.12686340CELO |
5 USD | 15.21143900CELO |
10 USD | 30.42287800CELO |
25 USD | 76.05719501CELO |
50 USD | 152.11439002CELO |
100 USD | 304.22878004CELO |
250 USD | 760.57195011CELO |
500 USD | 1,521.14390021CELO |
1000 USD | 3,042.28780043CELO |
10000 USD | 30,422.87800426CELO |
50000 USD | 152,114.39002130CELO |
100000 USD | 304,228.78004259CELO |