CELO is a utility and governance token powering Celo network \u2014 a DeFi project dedicated to improving user experience while transferring crypto, especially on the mobile phone. Celo runs on its own independent blockchain, which went live in April 2020.Celo supports a growing family of stablecoins like cUSD and cEUR, pegged to the values of USD and EUR respectively via an oracle. Celo wallet works by allowing a user to utilize their phone number as a public key substitute for their account, and as a result, to transfer funds essentially by \u201ctexting\u201d them to a recipient number. This scheme is suitable not only for people who aren\u2019t up to speed on the intricacies of crypto usage (which is, let\u2019s be honest, most people) but also for those who for some reason can\u2019t use more conventional means of transferring money on the go on their mobile, be it a banking app or a third-party app like Venmo. It\u2019s also, obviously, a great solution for the people who don\u2019t have a bank account at all (the number of whom may be as much as 1,7 billion worldwide).CELO token is used for voting for various governance purposes, for staking, since Celo Network uses Proof-of-Stake protocol, and for transaction fees. Note that as a user- and mobile-friendly project, Celo features automatic fee calculation and accepts payments in any supported stablecoin.CELO token entered the market in May 2020 to see surprisingly little volatility, falling from ~$2.5 to ~$1.5 at first, but then consolidating around ~$1.8 for the next couple of months. In late summer or 2020, as general interest in DeFi grew, the CELO price rose almost to $4.5. This was followed by a downturn, but it wasn\u2019t very steep: until January 2021, CELO was mostly trading at a previous level of ~$1.7-$1.8. Keeping with\u2026<\/p>","protected":false},"excerpt":{"rendered":"
CELO is a utility and governance token powering Celo network \u2014 a DeFi project dedicated to improving user experience while transferring crypto, especially on the mobile [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/4931"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/comments?post=4931"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/4931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/media?parent=4931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/categories?post=4931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/tags?post=4931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}