What is Celo?

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.

What is CELO?

Celo 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 is a cryptocurrency that acts as a utility and governance token for the Celo platform. Celo is designed to make it easy for anyone with a smartphone to send, receive, and store stablecoins running on Celo (for example, the Celo Dollar, cUSD) without needing a crypto wallet.