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celo
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 not available on Newton.
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.
Celo uses a proof-of-stake blockchain run by validators who confirm transactions and join governance decisions. Some wallets support phone-number linking to make sending funds easier. The network also includes stable-value assets such as cUSD and cEUR, with supply that adjusts over time. Developers build on Celo using Ethereum-compatible smart contracts, and the system now has tools to connect to other blockchains.
CELO is the token used in the Celo ecosystem. People use it for transaction fees and to take part in governance proposals that shape the network. It also plays a role in how validators operate within the proof-of-stake system. Some applications built on Celo may also use CELO in different ways depending on their design.
Network fees: CELO can be used to pay for transactions and contract interactions.
Validator participation: CELO plays a role in the network’s proof-of-stake process.
Ecosystem use: Depending on the application, CELO may be used within dApps for payments or access to tools.
Newton does not currently support CELO and does not support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Risks and limitations:
Stable-value assets may not always track their intended benchmarks.
Market volatility can affect CELO’s price.
Application quality and availability vary by region.
Governance outcomes may be influenced by concentrated token holdings.
Store: Coins can be held in compatible wallets or on platforms that support it.
Governance: Holders may vote on protocol-level proposals.
Send: It can be transferred on supported networks; fees depend on network conditions.
Swap: CELO may be exchanged for other assets on regulated platforms or through decentralized protocols.
Donate: Some organizations accept CELO or Celo-based stable assets.
*Newton does not currently support CELO and does not support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.*
Celo is built with mobile accessibility and interoperability in mind:
Lightweight clients: Designed to run efficiently on smartphones.
Stable-value mechanisms: Supply adjustments help assets maintain target price behaviour.
Smart contracts: Ethereum-compatible tooling allows familiar development workflows.
Cross-chain infrastructure: Enables connections between Celo and other networks.
Celo is used in a range of everyday situations. People send and receive digital assets through mobile wallets, and some communities rely on cUSD or cEUR for small purchases or donations. Developers also build applications on the network, from simple payment tools to lending and savings programs.
Organizations working with public funding sometimes use Celo’s ledger to follow how funds move through a project.
Actual use varies by region, developer adoption, and the tools available at the time.
2017: Project founded with a focus on expanding access to digital financial tools.
2020: Mainnet launched alongside the CELO token.
2021–present: Growth of ecosystem applications and community programs.
2023–2024: Upgrades to improve Ethereum compatibility and cross-chain development.
Features:
Mobile-first design for global accessibility.
Support for stable-value assets.
Open governance by CELO token holders.
Tools for developers to build financial applications.
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.
