Celo company info

What does Celo do?
Celo (CRYPTO:CELO) stands as a mobile-first blockchain platform, designed with inclusivity and accessibility in mind, making it exceptionally well-suited for use in developing countries and emerging markets. The platform's core operation relies on a decentralized network of validators, tasked with processing transactions and ensuring the network's security. These validators are rewarded with CELO tokens for their efforts, aligning incentives for network maintenance. Numerous projects have found a home on the Celo platform, such as mobile wallets, facilitating the effortless transfer of CELO tokens and other cryptocurrencies. Celo's ecosystem also includes decentralized exchanges (DEXs) for trading CELO tokens and other digital assets. Additionally, lending and borrowing protocols allow users to engage with CELO tokens and other cryptocurrencies within the Celo blockchain, while stablecoins like cUSD and cEUR provide stability in a volatile market. Celo's primary objectives center on making cryptocurrency more accessible, fostering dApp development for social betterment, and creating a sustainable and equitable financial system. With its robust team and a growing community, Celo is well-poised to contribute significantly to the development of the Web3 ecosystem.
Celo company media
Company Snapshot

How many people does Celo employ?

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Employees
51-200

What is the market cap for Celo?

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Market Cap
$461.49M

Where is the head office for Celo?

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Head Office
Barcelona, Spain

What year was Celo founded?

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Year Founded
2017
What does Celo specialise in?
/a16z Portfolio /Celo Ecosystem /Coinbase Ventures Portfolio /DragonFly Capital Portfolio /Electric Capital Portfolio /Mobile /Payments /Polychain Capital Portfolio /PoS /Smart Contracts /Zero Knowledge Proofs

What are the products and/or services of Celo?

Overview of Celo offerings
Celo is a versatile platform that offers a variety of services to users and developers. It is a leading player in the mobile-first blockchain space and is making significant contributions to the development of the Web3 ecosystem.
Decentralized finance (DeFi): Celo supports a variety of DeFi applications, including decentralized exchanges, lending and borrowing protocols, and stablecoins.
Developer tools: Celo provides a variety of developer tools to make it easy to build and deploy dApps on the Celo platform.
Gaming: Celo is home to a growing number of blockchain games, which allow players to earn and own digital assets.
Mobile-first payments: Celo makes it easy to send and receive payments using mobile wallets, even for people without access to the internet or traditional banking services.
Non-fungible tokens (NFTs): Celo supports the creation and trading of NFTs, which are digital assets that can be used to represent ownership of unique items.
Social impact: Celo is committed to using blockchain technology to create a more inclusive and equitable financial system. Celo supports a number of social impact projects, such as microfinance platforms and identity management solutions.