2022-01-17 23:13:04
CELO Ecosystem
#Celo is a blockchain ecosystem focused on increasing the use of cryptocurrencies among smartphone users.
Using phone numbers as public keys - #Celo aims to introduce cryptocurrency transactions to the billions of smartphone owners around the world, including those without access to banking services.
The network allows the creation of smart contracts and decentralized applications #dApps as part of the decentralized finance system #DeFi
The main network was launched in April 2020.
There are two native tokens in the platform:
#CELO is a #PoS proof-of-stake token used to pay for transactions, participate in governance, and more.
Celo Dollar #CUSD is the stablecoin of the system.
In the future, the platform aims to host more stablecoins.
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