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Celo is built to support a new set of financial tools for people using mobile devices, forming a worldwide financial network. Users can join the Celo ecosystem using only a mobile number. Some important Celo capabilities include:
Layer-1 protocolEVM compatibleProof-of-StakeCarbon negativeMobile-first identityUltra-light clientsLocalized stablecoins (cUSD, cEUR, cREAL)Gas payable in multiple currencies.Celo aims to make sending money as simple as texting-sending to anyone online, anywhere on Earth. It connects phone numbers to wallet addresses through a decentralized, address-based identity layer. Those using mobile can also receive rewards for helping secure and run the system.
CELO serves as the platform-native asset for the Celo blockchain and its broader ecosystem. CELO token holders may receive rewards, stake with validators, and vote on proposals that influence Celo’s roadmap.
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