What is Celo Coin (Latest News about Celo Coin)
Celo Coin, also known as CELO, is a token based on the Ethereum blockchain and i
Celo Coin, also known as CELO, is a token based on the Ethereum blockchain and is the only token on the Bitcoin network. According to the Celo website, the total supply of Celo Coin is 100 billion (equivalent to 1 billion dollars), with 10% allocated to early supporters, foundations, and investors; and an additional 5% allocated to ecosystem partners and advisory committees.
When introducing their project, they stated, “Celo is an open financial platform and decentralized payment protocol.” They also mentioned that Celo currently mainly provides stable asset trading services, similar to Bitcoin Cash and other digital currencies. (Cointelegraph)
Latest News about Celo Coin
According to CoinDesk, as per the latest news released on the Celo official website, on May 30th, CELO’s price was $10. This represents an almost 10% increase from the previous low point.
Reportedly, the project was launched in early April with the aim of addressing the complexity of cryptocurrency transactions by establishing a “trusted” network. The platform also uses stablecoins such as cUSD, cEUR, and cBTC to pay for its operational expenses. Additionally, it will provide additional rewards (similar to stablecoins) to help improve the efficiency of its price and liquidity.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/22861/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
MolochDAO to Fund Development of Experimental Optimism-based Currency App
It is reported that Ameen Soleimani, an early contributor of Tornado Cash, tweeted that the Primacy Poolsv0, a forked currency application of Tornado Cash, has…
-
Data: Circle USDC circulation decreased by $500 million in the past week
On April 29th, according to official data, from April 20th to April 27th, Circle issued a total of $700 million in USDCs and redeemed $1.1 billion in USDCs, resulting in a decrease
-
TransUnion to Provide Credit Ratings for Decentralized Finance Lenders
According to reports, TransUnion, one of the three major credit institutions in the United States, will provide credit ratings for decentralized finance (DeFi) lenders. TransUnion
-
Fed Brad Reports on Market Expectations and Inflation Control
According to reports, Fed Brad said that the market expected inflation to be controlled in the next few quarters or years; The US economy may have a soft landi…
-
Montenegrin authorities: The United States requested Do Kwon’s extradition earlier than South Korea, but it is not yet possible to determine which side has priority
On March 30, the Minister of Justice of Montenegro, Marko Kovac, stated at a press conference that it had been confirmed that the United States had requested the extradition of Do
-
Deutsche Wertpapier Service Bank to Launch wpNex Digital Asset Platform
It is reported that Deutsche Wertpapier Service Bank (dwpbank), which provides securities processing services for about 1200 banks in Germany, is creating a new digital asset platf
-
South Korean Prosecutors Transfer Terraform Labs Co-founder and Others Involved in Case for Trial
On April 25th, it was reported that South Korean prosecutors have transferred Daniel Shin, co-founder of Terraform Labs and former CEO of Chai Corporation, and other individuals in
-
Minnesota Congressman Proposes Limiting Federal Reserve’s CBDC Power
It is reported that Tom Emmer, a Minnesota congressman, proposed a legislation in the House of Representatives that may limit the power of the Federal Reserve …
-
BTG Pactual Launches Stable Currency BTG Dol on Mynt Platform
On April 4th, Brazilian investment bank BTG Pactual announced on Tuesday that it will launch a 1:1 anchored stable currency called \”BTG Dol\”. BTG Dol will launch the bank\’s encrypt
-
VeChain Launches VeWorld, a Decentralized Self-Hosted Plug-in Wallet
On February 21, the VeChain Foundation launched VeWorld, a decentralized self-hosted plug-in wallet based on Chrome browser. The mobile and desktop versions wi…
-
What framework does Ethereum adopt (Ethereum’s)
What framework does Ethereum adopt What framework does Ethereum adopt? To make ETH more accessible, developers can now use a new block chain called ProgPoW (Proof of work) to build and test their systems ProgPoW allows for setting up nodes within the network and running multiple validator roles, which means users can choose their own validator roles through different clients. In addition, this technology can also be used for other applications or functions, such as trading, wallet and other platforms, such as exchanges or DeFi protocols. Therefore, we have seen many projects based on equity pooling Although most projects are trying to implement this new consensus algorithm, the Ethereum community is exploring how to improve through this method, including extending Ethereum to more use cases, and adding its interoperability with existing systems to the ecosystem. However, despite this, Ethereum has fundamentally changed the impact it can bring. ProgPow is an open source toolkit, in which you can create any specific…
-
What is Ethereum DAG (Ethereum Go)?
What is Ethereum DAG? According to official sources, Ethereum DAG is a decentral
-
Sygnum Bank Prepares to Diversify Banking Partners as the Volume of Customer Consultation Increases from Hedge Funds
According to reports, Martin Burgherr, the chief customer officer of the Swiss-based Sygnum Bank, said in an interview that after Silvergate Capital Corporatio…
-
#Table of Contents:
On April 1st, according to Spot on Chain data, Amber Group transferred 2.41 million ARBs to Binance again yesterday, amounting to approximately $3.34 million (at that time, the ARB
-
Coinmetro acquires Ignium, a blockchain-based social fund-raising platform
It is reported that Coinmetro, the cryptocurrency exchange, announced on Tuesday that it will acquire Ignium, a blockchain-based social fund-raising platform. …
-
Gem Releases V2 Beta Version for NFT Transactions
On February 21, the NFT transaction aggregator Gem has released the V2 beta version. The new features include aggregating the standing bids of different platfo…