CELO is a Proof-of-Stake coin of the Celo platform. It is used for transaction fees, governance, and some other activities on the network.
Celo is a platform that was created specifically for crypto payments via smartphones. It provides opportunities to those who do not have access to cable or stationary Internet connection but have smartphones. It makes crypto more accessible than ever. With Celo it is possible to make payments and build dApps just using smartphones.
The main idea of the Celo project is to create an economy that would provide conditions for prosperity for everyone. It is based on the theory of change. It describes how short-term actions lead to long-term impact. The team believes that the economy needs to cover the following:
Prosperity is only possible if such basics as clean water, enough food, and proper healthcare are covered.
Individuals are able to follow their path
Traditional economies are full of obstacles on the way to prosperity. For example, unemployment and not enough savings.
Support is crucial to prosperity, it is proven that it enables people to act even if they are in a difficult situation.
The mainnet was launched in April 2020. The team has done a lot in the social spheres as well as in the Crypto World since that moment.
If you would like to become a part of the CELOcommunity and purchase some CELO coins, follow our simple instructions below: