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How to buy CELO (CELO)
What is CELO (CELO)?
Celo is a cryptocurrency payments platform aiming to gain traction with global mobile payments. The project aims to expand the cryptocurrency ecosystem and bring financial inclusion to the masses.
With Celo, users can make mobile payments to anyone in their contact list. This is made possible by using phone numbers as public keys through a decentralized identity-based address layer. Celo also uses a proof-of-stake (PoS) consensus mechanism.
The CELO blockchain also supports decentralized applications, and the project's native token, CELO, can be used to participate in staking and governance voting activities. The CELO token also acts as a reserve currency for the protocol's stablecoin, Celo dollars (cUSD). Other reserve currencies include BTC, ETH and DAI.
Co-founded by Rene Reinsberg and Marek Olszewski, CELO has, over the years, attracted investments from various VC firms.
CELO FAQ
- Cryptocurrencies, such as CELO, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
- Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as CELO have been created as well.
- Check out our CELO price prediction page to forecast future prices and determine your price targets.