What is Celo Gold (CELO)
We have introduced a protocol for social payments, called Celo. Celo combines an address-based encryption protocol that allows a sender to use a phone number or email address directly as a public key, with a reserve-backed stabilization protocol to minimize volatility through an elastic supply rule. Together, these allow for a more seamless experience using cryptocurrencies as a means of payment. Further, they enable a monetary ecology that includes local and regional currencies, social dividends, demurrage-charged currencies, and in the future, natural-capital-backed currencies.
The Celo protocol defines a decentralized payments system in which participants use coins that track the value of a local fiat currency or a local basket of goods. In this paper, we investigate the stability characteristics of Celo stable value assets through a series of simulations under various market conditions.
IEO (Coinlist Launchpad): May 11, 2020 – May 11, 2020
Raised: 6,500,000 USD
Country limitations: USA
Token price in USD: 1 cGLD = 1 USD
Referral: Earn 50 cGLD for each person you refer that successfully participates in the dutch auction, up to a maximum of 500 cGLD per person.
Auction: For every 2 cGLD purchased, you get 1 cGLD bonus up to 5,000 cGLD purchased (maximum bonus of 2,500 cGLD).