Celo (CELO)

CELO

  • Price 24H-0.65% $0.114202

Number of casinos: 2

Cryptocurrency Summary

Celo is a blockchain platform designed to make decentralized finance (DeFi) accessible to anyone with a mobile phone. Its mission is to foster global financial inclusion, particularly in regions with limited access to traditional banking. Celo stands out for its mobile-first approach, allowing users to send and receive cryptocurrency using just their phone numbers as public keys, simplifying the process for non-technical users. The platform operates on a proof-of-stake consensus mechanism, ensuring sustainability and energy efficiency. Celo’secosystem features a dual-token model: CELO, used for governance and staking, and stablecoins like cUSD and cEUR, which are pegged to fiat currencies for stability. These tools enable fast, low-cost transactions, making Celo ideal for remittances, peer-to-peer payments, and decentralized applications (dApps). With partnerships like the Celo Alliance for Prosperity, the platform continues to grow, empowering communities worldwide with innovative financial solutions.
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