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celo
Celo is a blockchain platform designed to make decentralized finance accessible to anyone with a smartphone, focusing on real-world users in over 150 countries. It aims to bridge the gap between Web3 technology and everyday people through a mobile-first approach.
This coin is available on Newton.
The project offers stable assets like cUSD and cEUR, which are pegged to fiat currencies and designed for low volatility, making them practical for global payments and remittances. These stable assets are kept in circulation using the Mento mechanism, which balances supply and demand on-chain.
Celo is regenerative and carbon-negative, meaning it works towards environmental sustainability by offsetting emissions and building a greener blockchain ecosystem. It also emphasizes community-driven growth, supported by the Celo Foundation and a network of core contributors like cLabs.
What makes Celo unique is its user-friendly design, where you can link your wallet to a phone number instead of a complex password, simplifying access to the chain for real-world users. This innovation encourages a billion people globally to participate in the Web3 economy.
Backed by the Celo governance system, community members can propose and vote on updates to help secure the Celo network, ensuring that decisions are inclusive and benefit the entire ecosystem.
Celo operates as a proof-of-stake blockchain where participants lock their CELO tokens to help secure the Celo network and earn rewards. Its validators are incentivized to process blocks efficiently and maintain the chain’s integrity.
A key feature is the mapping of phone numbers to wallets, allowing real-world users to send funds as easily as sending a text. This innovation eliminates the need for complex wallet addresses, making transactions simple and familiar.
The platform supports stable assets like cUSD, cEUR, and even assets like USDT, ensuring users have multiple options for low-cost, stable payments. These assets are governed by the Mento system, which adjusts their supply automatically.
Celo’s Ethereum layer-2 compatibility and Alfajores L2 testnet enhance composability across chains, enabling developers to build scalable and flexible applications. Cross-chain capabilities allow users to interact with other blockchains seamlessly, expanding Celo’s ecosystem.
Celo continues to grow through its core team, including contributions from organizations like cLabs and its active community, ensuring a regenerative, inclusive future for blockchain technology.
The chart for Celo (CELO) tracks its price movements and provides insights into market trends. Here’s what you should know:
Celo markets play a key role in determining the price of CELO in the global economy. Here’s how they impact its value:
Celo coin (CELO) is the native digital asset used on the Celo platform. Here’s how it is utilized:
Signing up for the Celo network is a simple process. Here’s how to get started:
Celo’s uses extend from simple peer-to-peer payments to building complex financial systems that benefit real-world users. Its ability to integrate wallets with smartphones enables seamless transactions in over 150 countries.
Its stable assets, like cUSD and cEUR, can be used for everyday payments, payroll, or even donations, providing stability and trust for users without access to traditional banking. Businesses also leverage these stable assets to provide reliable transactions with lower gas fees.
The platform empowers developers to create innovative Web3 applications for lending, savings, and even regenerative projects that aim to benefit local communities. This includes support for cross-chain apps to enhance composability across different blockchains.
Charitable organizations use Celo for transparent fund distribution, ensuring donations reach those in need without intermediaries. Its carbon-negative operations make it appealing for projects with an environmental focus.
Overall, Celo is a versatile tool for both individuals and businesses, offering solutions that merge blockchain technology with everyday life for prosperity and inclusivity.
Celo was founded in 2017 by Rene Reinsberg and a team of visionaries with a mission to make blockchain technology accessible to billions. The project focuses on building financial tools for global prosperity and inclusivity.
Early support came from major players like Coinbase, which helped Celo gain momentum as a promising chain. The mainnet launched in 2020, introducing CELO tokens and stable assets like cUSD to the blockchain ecosystem.
The Celo Foundation and cLabs play a vital role in advancing the platform, fostering a community of developers and users across 150 countries. With initiatives like Celo governance, community members actively contribute to the network’s development.
In July 2023 and September 2024, Celo announced its Alfajores L2 testnet and Ethereum layer-2 compatibility, boosting scalability and enabling cross-chain integrations. This has positioned Celo as a core player in the Web3 space.
Celo’s journey is a testament to collaboration, innovation, and a commitment to creating a blockchain that serves real-world users effectively.
Joining the Celo community provides many opportunities for participation and growth. Here’s why you should consider it:
Celo empowers users to engage in global finance through its mobile-first platform. Here’s how:
Engaging with Celo’s decentralized applications is straightforward and mobile-friendly. Here’s how to start:
You can store your Celo tokens securely using trusted platforms like Newton or a private digital wallet. Wallets allow you to check Celo’s live market stats, supply, and other important information anytime.
Staking is a great way to earn rewards while actively participating in the Celo ecosystem. You can stake your Celo tokens on DeFi platforms and earn a share of blockchain rewards.
Celo can be spent at merchants and services that accept cryptocurrencies. Before you make any purchases, you can check real-time prices to stay informed and transparent about your spending.
Sending Celo is fast and easy through its decentralized network. With low fees and minimal delays, you can send tokens to anyone by just entering their wallet address.
Want to give back to a cause or charity? You can donate your Celo tokens directly to their wallet address, making it easy to support causes through blockchain technology.
Swap your Celo for other cryptocurrencies like Bitcoin, Ethereum, or stablecoins on regulated platforms that support swapping. Using these platforms allows you to perform these swaps with just a few clicks.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying Celo directly from individual sellers or unregulated sources can be very risky. Without proper oversight or regulation, these transactions can leave you vulnerable to scams, unreliable sellers, or other problems. It’s always better to stick with trusted and regulated platforms.
One of the best ways to buy Celo in Canada is through a regulated and reliable platform like Newton. Newton makes it super simple to fund your account using e-Transfer or wire transfer, and they support over 70+ cryptocurrencies, including Celo. With helpful tools and real-time price tracking, Newton makes trading Celo a breeze.
Newton offers competitive pricing, so you’re always getting fair rates when you trade Celo. Their real-time price tracking helps you trade smartly.
Your Celo tokens are safe with Newton. They use multi-factor authentication, advanced anti-phishing tools, and other robust security measures to protect your funds.
Newton makes it affordable to buy and sell Celo, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Whether you’re at home, commuting, or on vacation, you can access Newton from any device, whether desktop or mobile. Your Celo tokens are always just a few clicks away.
Trading doesn’t have to be complicated. Newton keeps things simple with a clean, intuitive interface that makes buying or selling cryptocurrencies straightforward, even if you’re new.
Newton is a Canadian company with Canadian users in mind. With local support, tools, and currency options, they’re one of the easiest ways for Canadians to access Celo.
Getting started with Celo is easy! Start by creating an account on Newton, a reliable Canadian cryptocurrency platform. Enter your details, complete the verification process, and you’ll gain access to the platform.
To buy Celo, you’ll first need to fund your account. Newton makes this simple by offering options like Interac e-Transfer or wire transfer for Canadians to deposit funds in CAD. This allows for a smooth and seamless experience as you prepare to purchase Celo.
Once your account is funded, you’re ready to buy Celo. Newton offers an easy process for purchasing Celo and other popular cryptocurrencies. Check the live price chart and make your purchase based on current market trends.
Browse the platform’s cryptocurrency options and choose Celo. This innovative digital asset supports the Celo blockchain and is available alongside other major cryptocurrencies like Bitcoin and Ethereum.
Specify how much Celo you want to purchase, either by entering a CAD amount or the desired quantity of Celo. Whether you’re buying a small amount or a larger investment, it’s entirely up to you.
Review your order, confirm your purchase, and your Celo will be credited to your account. From there, you can store it, transfer it, or explore its features as you grow your portfolio.
With a personal wallet, you have complete control over your Celo tokens, but it’s up to you to keep your private keys safe. While it offers more privacy, losing or mishandling those keys could put your funds at risk, so stay careful.
You can store CELO safely on Newton! Newton makes security simple with features like multi-factor authentication, login history tracking, and anti-phishing codes to keep your Celo tokens safe. You can also manage trusted devices and add trusted contacts—making Newton a secure and user-friendly choice for trading and storing.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Celo, please see our Asset Statement.
