Celo

celo
$2.80 -1.70

Market Cap

$373.58M

Circulating Supply

133.47M

Max Supply

1.00B

Volume (24hr)

$26.19M

Quote
Price
Market Cap
Supply
Volume (24hr)
Change (24Hr)
usd
$2.80
$373.58M
133.47M
26.19M
-1.70 %
btc
$0.00
$9,474.14
0.00
685.78
-4.13 %
myr
$11.80
$1.58B
0.00
114.08M
-0.87 %

Descrption

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.