Proof of Work

Cryptocurrency

Base Ecosystem

ERC-404

Ethereum Mainnet

Binance Smart Chain Mainnet

Avalanche C-Chain

Fantom Opera

Polygon Mainnet

Cronos Mainnet Beta

Arbitrum One

Klaytn Mainnet Cypress

Harmony Mainnet Shard 0

Metis Andromeda Mainnet

Huobi ECO Chain Mainnet

Aurora Mainnet

Celo Mainnet

Optimism

Gnosis Chain (formerly xDai)

Theta Mainnet

Moonriver

Emerald Paratime Mainnet

Fusion Mainnet

Telos EVM Mainnet

RSK Mainnet

Moonbeam

IoTeX Network Mainnet

OKExChain Mainnet

Boba Network

Wanchain

KCC Mainnet

Velas EVM Mainnet

Smart Bitcoin Cash

Songbird Canary-Network

CoinEx Smart Chain Mainnet

Fuse Mainnet

Shiden

Elastos Smart Chain

Callisto Mainnet

ThunderCore Mainnet

Meter Mainnet

TomoChain

Energy Web Chain

Syscoin Mainnet

Ubiq

Polis Mainnet

Zyx Mainnet

High Performance Blockchain

GoChain

Palm

Expanse Network

ThaiChain

Metadium Mainnet

Flare Mainnet

Diode Prenet

ThaiChain 2.0 ThaiFi

ELA-DID-Sidechain Mainnet

Dithereum Mainnet

ShibaChain

Genesis L1

GoodData Mainnet

TBWG Chain

Valorbit

Darwinia Crab Network

XinFin Network Mainnet

Ontology Mainnet

EOS Mainnet

Ethereum Classic Mainnet

Ellaism

SoterOne Mainnet

IDChain Mainnet

POA Network Sokol

PrimusChain mainnet

GeneChain

GateChain Mainnet

Nova Network

Garizon Stage0

Garizon Stage1

Garizon Stage2

Garizon Stage3

NEXT Smart Chain

POA Network Core

EtherInc

EtherLite Chain

Fuse Sparknet

Decentralized Web Mainnet

OYchain Mainnet

Factory 127 Mainnet

DAX CHAIN

Lightstreams Mainnet

Seele Mainnet

BMC Mainnet

BitTorrent Chain Mainnet

Arbitrum on xDai

Freight Trust Network

Permission

Setheum

SUR Blockchain Network

Web3Q Mainnet

PulseChain Mainnet

Lisinski

Rupaya

Double-A Chain Mainnet

## What is the Celo Protocol?
[Celo](https://coinrotator.app/coin/celo)'s blockchain reference implementation is based on go-ethereum, the Go implementation of the Ethereum protocol. The project team is indebted to the Geth community for providing these shoulders to stand on and, while recognizing that Ethereum is an independent project with its own trajectory, hopes to contribute changes where it makes sense to do so. In addition to the blockchain client, some core components of the Celo protocol are implemented at the smart contract level and even off-chain (e.g., phone number verification via SMS).
- Validator Types: Celo uses a Byzantine Fault Tolerant consensus protocol to agree on new blocks to append to the blockchain. Validators are categorized as active validators or elected validators, distinguished from registered validators, which are configured to participate but not actively selected.
- Proof-of-Stake: Celo's proof-of-stake mechanism determines which nodes become active validators and how incentives are arranged to secure the network.
- Validator Elections: Celo's Validator Elections involve holders of the native asset, CELO, participating and earning rewards for voting for validator groups. Locked Gold smart contracts are used for voting, maintaining stakes, and participating in governance proposals.
- Governance: Celo employs a formal on-chain governance mechanism where changes must be agreed upon by CELO holders. The process involves proposal, approval, referendum, and execution phases.

## Celo Euro

Celo Euro (cEUR) marks a significant stride in the Celo protocol's mission to facilitate accessible digital payments. As the second native stablecoin on the platform, cEUR streamlines remittance within the European Union, enabling swift transfers using only a phone number. This user-friendly process, akin to sending a text message, completes transactions in seconds with minimal costs. 

By leveraging Celo's open platform, cEUR empowers the approximately 6 billion smartphone users worldwide with easy access to digital Euro, fostering financial inclusivity. Its integration aligns with Celo's goal of prosperity for all, enabling individuals to engage in digital commerce and DeFi with unprecedented ease. Celo Euro represents a vital step towards democratizing financial services, making cross-border transactions efficient and affordable, and fostering inclusive economic growth globally.

## Stability Algorithm (Mento)
Mento enables user demand to determine the supply of Celo stable assets by allowing users to create or burn Celo Dollars based on the CELO reserve. The mechanism utilizes an accurate Oracle value of the CELO to US Dollar market rate. It creates incentives for users to profit when the market price deviates from the peg, and mitigates risks of reserve depletion through dynamic adjustments in bucket quantities.

## Milestones
Important milestones for the Celo protocol and ecosystem:
- Deutsche Telekom: Deutsche Telekom strategically purchased CELO and joined the Celo Alliance for Prosperity, becoming a validator on the Celo network.
- Celo Euro (cEUR): The launch of cEUR facilitates remittance within the European Union using mobile payments.
- Optics: Introducing Optics enables interoperability between Celo and Ethereum, facilitating cross-chain applications.
- PayU: PayU integrates cUSD as a payment option for its merchants, expanding access to stable digital assets in high-growth markets.
- Valora: Valora transitions into a standalone company, with significant user adoption and a dedicated team.
- Carbon Negative: Celo becomes one of the first carbon-negative blockchains, incorporating natural backed assets into its reserve.
- Donut Hardfork: The Donut Hardfork introduces network upgrades, improving gas efficiency and interoperability with Ethereum tools.

These milestones mark significant progress and adoption for the Celo protocol, positioning it as a leader in mobile-friendly blockchain solutions and decentralized finance.

## Ecosystem
Celo's investors/partners include 0x, a16z, Ammer, Axella, Bitmama, BitWage, Curve, [UbeSwap](https://coinrotator.app/coin/ubeswap), Tatum, AriGallery, [Plastiks](https://coinrotator.app/coin/plastiks), [Wormhole](https://coinrotator.app/coin/wormhole), Brave, PrimeDAO, Spiral...

## Project Development

The Celo Foundation and Rarible have announced the integration of Rarible's API solution with Celo, the blockchain network tailored for real-world use and global, low-cost transactions. This integration equips creators and developers on Celo with a comprehensive toolkit for their decentralized applications (dApps), including a real-time NFT indexer, aggregated order book, multi-chain support, and a powerful trading SDK. 

This partnership aims to enhance accessibility for mission-driven NFT creators worldwide, leveraging Celo's extensive network of over 1,000 projects across 150 countries. Notable NFT projects benefiting from this collaboration include Steward, Ecosapiens, and Plastiks, each contributing to environmental conservation and social impact. With the introduction of Rarible API on Celo, developers gain access to real-time and historical data, enabling seamless integration of NFTs into their platforms, custom dashboard creation, ownership tracking, and embedded NFT trading functionalities. These advancements unlock diverse use cases such as wallets, Web3 games, and analytics platforms, with future updates expected to expand opportunities for NFT projects benefiting global communities.

## {{name}} Price Analysis

As of {{month}} {{day}} {{year}} {{name}} has a marketcap of {{marketcap}}. 
This is {{percentagefromath}} from its all time high of {{ath}}. 
In terms of its tokenomics, there's a total supply of {{totalsupply}} with {{percentagecirculatingsupply}} currently outstanding. 
Keep in mind {{name}} has a fully diluted value of {{fdv}} which many investors might interpret as overvalued. 

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Celo Euro

Celo Euro

Price Data

Analysis

Trade

Market Cap

All-Time High

All-Time Low

Fully Diluted Valuation

Circulating Supply

Total Supply

Categories

Similar Coins