CELO Price Today
The live CELO price today is $0.55997600 with a 24-hour trading volume of $11,399,265.2. CELO is 5.33% in the last 24 hours.The current MyToken ranking is #122,with a live market cap of $280,958,052.56. It has a circulating supply of 501,730,705 CELO and a max supply of 1,000,000,000 CELO.
What Is CELO?
By 2025, the number of smartphone users will exceed 7 billion, But there are fewer than 100 million cryptocurrency users. According to the Celo Foundation, availability and price stability remain the two main barriers to cryptocurrency adoption. Celo's mobile-first approach fills this gap.
Key technical innovations that promote adoption include:
- Fast lightweight transactions (block headers optimized for fast mobile phone synchronization). The ability to send currency to a phone number (a lightweight identity protocol that maps the hash of a phone number to a public key -- making it easier for anyone with a mobile phone to send and receive digital currency to anyone in the world). < LI > The option to automatically deduct transaction fees and pay gas in stable currency (as low as $0.01). Stablecoin, starting with cUSD, is backed by decentralized reserves to help provide stability, transparency and auditable.
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