What is Celo (CELO)?

Celo aims to build a fast, affordable, and scalable blockchain. The name Celo means ""purpose"" in Esperanto, and hints at the blockchains bigger vision. Launched publicly in 2020 after four years of development, the blockchain wants to bring digital money to everyone, regardless of the tech they use or the sophistication of the banking system they live in. For that, Celo tries to solve two problems: Reduce the technical knowledge typically needed to use crypto, and avoid crypto's strong value fluctuations. And it does all that while being carbon negative.
Thumbnail
CELO
No value0% last 7 days
14
Cryptohunt's Opinion

Our take on Celo

We think Celo has a lot going for itself. Crypto today has many issues to overcome to go mainstream and Celo is solving three of them already: Using your phone number instead of cryptic wallet addresses makes it much easier to send money. Three interchangeable stable coins make everyday purchases feasible. And the underlying technology is modern enough to support large amounts of transactions with low fees, and all that while having a positive impact on the planet. If we compare that to Bitcoin and Ethereum, the big two, Celo is already a big improvement in theory. Those others are slow, expensive, hard to use, and planet-killers. Our worry, like with all other promising Ethereum competitors, is that Celo faces fierce competition on the way to the top. Disclaimer: Celo is an investor in cryptohunt through Flori Ventures. Regardless of our relationship with creators, we always promise you an honest take on every project and full disclaimers.
#1
#2
#3
#4
#5
#6

How do you feel about Celo?

Get up to speed on Celo in less than 5 mins.

Complete these tasks to become a cryptohunt certified expert.
Podcast image
Listen to "What makes Celo special? (Part 2)"
Learn about Celo, a blockchain that wants to bring more than just technology to the market. · 3 mins
What makes Celo special?
Celo is a on its own, uses to validate transactions, and is. Celo also supports.

Interesting facts about Celo

Here are some facts you may not already know about Celo. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
#1

Instead of needing those complicated wallet addresses, wallets on Celo can simply be linked to phone numbers or email addresses.

#2

There are currently over 600k wallets that use Celo every month.

#3

Celo is carbon negative, meaning it has a net positive impact on our climate.

Celo reviews from the cryptohunt community

Dive deeper into the different opinions about Celo and learn how others feels about it.
Celo
Positive review
Review author avatar
scaevola
12 days ago

It's great to use a phone number or email address as a wallet as well as having an evm compatible blockchain. As a self-taught developer, it was an incredible pleasure to use the contract kit package.

0
0
0
Celo
Positive review
Review author avatar
charlesnuzo
16 days ago

The future is Africa. Africa is mobile. Celo is the best mobile first blockchain. Long both.

0
0
0
Celo
Positive review
Review author avatar
Hiro
17 days ago

Awesome community and purpose

0
0
0

How to buy Celo (CELO)

There are many ways to acquire Celo (CELO), but we think this is the easiest way to start.Have a better way? Let us know!
1. Create an account with an exchange
Create an account with the crypto exchange of your choice. Coinbase and Binance both support Celo for example.
2. Buy Celo
You can buy Celo directly on those exchanges, using money from your bank account or debit/credit cards.

Celo price and insights

See how much Celo is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
Based on 13 community reviews
0% feel totally fine about Celo today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
21,530
5% of them are active
# Telegram members
10,066
5% of them are active
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Celo, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
21,530
# Active Discord members
1,056
# Telegram members
10,066
# Active Telegram members
532

Join the conversation 💬

Log in or sign up to leave a comment