Celo is the core utility, reserve, staking, and governance asset for the Celo platform. The platform aims to make financial tools borderless, easy to use, and accessible for anyone with a mobile phone.
Celo (CGLD) is an open-sourced Proof-of-Stake (PoS) blockchain based on Ethereum designed to support stablecoins and tokenized assets with an algorithmic reserve-backed stability mechanism. Celo (CGLD) is a cryptocurrency that acts as a utility and governance token for the Celo (CGLD) platform. Celo (CGLD) is designed to make it easy for anyone with a smartphone to send, receive, and store stablecoins running on Celo (CGLD) (for example, the Celo Dollar) without needing a crypto wallet.
For a full list of regions that support Celo (CGLD), please visit the Supported cryptocurrencies page.
On September 3rd, 2020, full trading including sends and receives, will be available.
The minimum for withdrawal is 0.1 Celo (CGLD) and the maximum withdrawal limit is 250,000 Celo (CGLD).
Celo, a decentralised digital payments protocol, is plotting the launch of a new stablecoin which will be pegged to the euro. The post DeFi payments protocol Celo readies launch of a euro-pegged stablecoin appeared first on The Block.
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