Celo is a permissionless blockchain designed to foster a more inclusive financial system while maintaining a carbon-negative status. It aims to make blockchain technology accessible to anyone with a mobile phone, catering to a global audience. The Celo ecosystem consists of a decentralized proof-of-stake blockchain (Celo platform), the CELO governance asset, and several stable assets like cUSD, cEUR, and cREAL, which facilitate the use of digital assets. Launched on Earth Day 2020, Celo emphasizes environmental sustainability and supports diverse projects worldwide, aiming to create conditions that promote prosperity.

Celo utilizes a proof-of-stake consensus mechanism, which consumes significantly less energy than proof-of-work systems, contributing to its carbon-negative footprint. The platform supports the CELO governance token and ERC-20 stable assets that are used to cover transaction fees. Celo's mobile-first design includes the Plumo light-client syncing mechanism, allowing mobile and low-resource users to sync to the blockchain using minimal data. It also maps encrypted phone numbers to wallet addresses, simplifying blockchain transactions for users at all experience levels. This infrastructure seeks to enhance accessibility and broaden participation in the Celo ecosystem.

Celo strives to bring regenerative finance (ReFi) to the mainstream by promoting global financial inclusion, community commerce, and climate-positive technology across various ecosystems. Its mobile-first approach aims to reach a broad, global audience by simplifying blockchain transactions and supporting a wide range of applications. Projects built on Celo span multiple countries, focusing on creating prosperous communities. Features like Plumo for light-client syncing and encrypted phone number mapping help streamline user experiences, potentially enabling applications in areas like remittances, decentralized finance (DeFi), and peer-to-peer transactions.

Celo was co-founded in 2017 by Rene Reinsberg, Marek Olszewski, and Sep Kamvar. Reinsberg currently serves as President of the Celo Foundation, while Olszewski is the Chief Technology Officer at cLabs. Kamvar is a computer scientist and former MIT Media Lab professor. The Celo mainnet launched on Earth Day 2020, reflecting the platform's commitment to environmental sustainability. Since its launch, Celo has supported numerous projects in various countries, all aimed at fostering financial inclusion and creating prosperity through innovative blockchain solutions.

We update our Celo to ARS currency in real-time. Get the live price of Celo on Coinbase.

Assets that have a similar market cap to Celo include Netflix tokenized stock (xStock), Celo Dollar, Espresso, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Celo is 602 million.

Celo ranks 92 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 77% of Coinbase users are buying Celo. In other words, 77% of Coinbase customers have increased their net position in Celo over the past 24 hours through trading.

Yes, Celo is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Celo guide.