About Celo Coin

Celo price today is $2.96 with a 24-hour trading volume of $26,303,308. CELO price is up 4.8% in the last 24 hours. It has a circulating supply of 98 Million CELO coins and a max supply of 1 Billion. Coinbase Pro is the current most active market trading it.

Celo enables participation on the Platform, with the opportunity to earn rewards through network participation. Celo’s stability mechanism and token economics are designed in such a way that demand for cGLD directly increases as demand for Celo Dollars (cUSD) and other stable value assets increases.

cGLD is a native cryptographic digital asset created at the mainnet release of the Celo Platform. cGLD has no relationship to physical gold.

cGLD is a utility and governance asset required to participate on the Celo Platform. Some uses include:

Running a validator to secure and operate aspects of the Celo Platform

Voting for validators working to secure and operate the Celo Platform

Participating in governance decisions to influence the future of the Celo Platform

Supporting applications on the platform

cGLD forms part of the overcollateralized reserve that supports the Celo stable value assets (initially Celo Dollar or cUSD).

The Celo Protocol automatically adds cGLD to the reserve whenever the Celo stable value asset supply increases.

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