Celo

Stables
L1s
Other Categories
+3
- L1s
- L1s
- CEXs

Copy link
Share on X

Claim company
Report company

Description

Celo is a mobile-centric blockchain platform designed to democratize financial services via smartphones. It features a decentralized payment infrastructure and supports fast, secure, low-cost value transfers. The platform's native token, CELO, is central to network governance and stability. Celo enables smart contracts and DApps, emphasizing stablecoins like Celo Dollar (cUSD) and Celo Euro (cEUR), reducing volatility for real-world use. The ecosystem is noted for its scalability, ease of use, and phone-based identity features. Celo, launched in 2017, promotes financial inclusion via its digital asset suite, including cUSD and cEUR, both of which are widely traded stablecoins. The carbon-neutral blockchain prioritizes social impact through its ecosystem fund, striving to utilize blockchain technology for economic and social benefits. CELO also backs the reserve for stable assets, underscoring platform stability. For more, visit [https://celo.org/](https://celo.org/).

Socials

Similar companies

CeloStarter

CeloStarter is a launchpad on the Celo Blockchain, aimed at increasing crypto adoption on mobile. It offers tools for developers to raise capital and connects projects with investors through IDOs, promoting financial inclusion and sustainability.

CeloDEX

CeloDEX is a DEX on the Celo blockchain, focused on mobile-accessible crypto trading. It offers AMM for liquidity, supports a range of assets, and enables token swapping, liquidity provision, and yield farming.

TheCelo

Celo Network Stats.

Celsius

Celsius offers a digital asset platform for earning, borrowing, and making payments with crypto, leveraging blockchain for yield on assets and benefits via its native CEL token.

Mento

Mento is a stablecoin protocol on Celo for fast, low-cost mobile payments, offering currencies like cUSD & cEUR through an algorithmic reserve, emphasizing financial inclusion globally.

Celosphere

Moola Market

Moola Market is a DeFi liquidity protocol on Celo, offering interest-earning and asset borrowing against collateral, with algorithmic rate adjustments and a focus on mobile accessibility.

Cielo

Cielo Finance: A DeFi platform enhancing liquidity & yield earnings, simplifying access for individual & institutional users, and boosting DeFi liquidity via innovative, secure blockchain solutions.

cBridge

cBridge by Celer Network enables secure, swift, low-cost cross-chain transfers for seamless DeFi interactions across multiple blockchains, leveraging layer-2 scaling for enhanced throughput and reduced costs.

CelerX

CelerX is a blockchain gaming platform using Celer Network for fast, secure transactions, offering diverse games with crypto rewards, promoting gaming skills in a decentralized way.

Belo

Belo is a mobile app for easy crypto transactions, focusing on LATAM's unbanked, offering a digital wallet for storing, sending, and using cryptocurrencies for everyday tasks.

Celes Chain

Celes Chain, a pioneering DPoS financial blockchain, bridges DeFi with traditional finance, focusing on inclusivity, high transaction speed, security, and regulatory compliance.

FAQ

What is Celo and what are its main features?

Celo is a mobile-first blockchain platform designed to provide accessible financial tools to anyone with a smartphone. Key features include a decentralized payments infrastructure for fast, secure, and low-cost value transfers, support for smart contracts and DApps, and a focus on stablecoins like Celo Dollar (cUSD) and Celo Euro (cEUR). Celo is carbon-negative, emphasizing sustainability and social impact. It uses its native token, CELO, for governance and network participation.

How do Celo's stablecoins, CUSD and CEUR, benefit users?

Celo's stablecoins, Celo Dollar (CUSD) and Celo Euro (CEUR), provide users with stable value storage and easy transaction interoperability on the Celo blockchain. By pegging to the US Dollar and Euro respectively, they offer stability against market volatility, facilitating efficient and low-cost transactions via mobile. These stablecoins are ERC20 compatible, ensuring wide utility in digital applications, and are actively traded across global markets, enhancing liquidity and access.

How does Celo compare to other blockchain platforms?

Celo differentiates itself by being a mobile-first, EVM-compatible, carbon-negative blockchain with a mission to make financial services accessible globally. It focuses on real-world use cases with stablecoins like CUSD and CEUR. Compared to other blockchains, Celo emphasizes scalability, ease of use with phone number-based identities, and sustainability. It's committed to social impact, aiming to alleviate poverty and support economic growth through inclusive financial ecosystems.

What is the role of CELO token within the Celo ecosystem?

The CELO token serves multiple roles within the Celo ecosystem. It acts as the native utility token, facilitating governance, staking, and network participation, crucial for running validators and securing the blockchain. CELO is also involved in governance decisions, allowing holders to influence the future direction of the network. It supports various applications across the platform and is actively traded globally, contributing to the liquidity and dynamism of the Celo economy.

Why is Celo's blockchain considered sustainable?

Celo's blockchain is sustainable due to its carbon-negative operations, offsetting its entire carbon footprint to aid environmental health. This effort aligns with its mission to empower economic and social growth while maintaining environmental responsibility. By integrating initiatives in its ecosystem fund, Celo supports projects devoted to sustainability, addressing real-world challenges and advancing its vision for a prosperous and inclusive financial landscape.

How can users troubleshoot common issues on the Celo platform?

Users encountering issues on the Celo platform can start troubleshooting by visiting the official Celo website or community forums, which provide comprehensive resources and a FAQ section. For transactional errors or wallet problems, users should check network status and ensure they're connected to the correct blockchain. It's also helpful to review technical documentation available on the site. For unresolved challenges, reaching out to Celo's support or community channels can offer guidance and support.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Socials

Tags