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Celo
Celo is an open platform that supports a variety of distributed applications, smart contract development and payments using e-mail addresses and phone numbers as public keys.
I. Project Introduction
Celo is a blockchain protocol that aims to address some of the barriers to cryptoasset adoption (user experience and volatility) by using phone numbers as public keys and issuing a native stable-value token. The network supports the development of smart contracts and decentralized applications. Its first application, Celo Wallet, intends to be a social-payments system centered around mobile phones. Celo features two primary cryptoassets: Celo and Celo Dollars. Celo (CELO) is the protocol's native asset. It serves as a utility that enables users to participate in network consensus (through its Proof-of-Stake system) pay for on-chain transactions, and vote on governance decisions. Celo Dollars (cUSD) are a stable asset that follows the US Dollar.
II. Token Information
1) Basic Information
Token name: CELO
Total supply: 1,000,000,000
Tokens in Circulation: 387,111,233.00
Price for early investors: 1$
TGE Date: 2020/5/14
2) Token Distribution and Token Release Schedule:
CELO Estimated Allocation Table | |||||
Type | T+1 Year | T+10 Years | 2050 | Total | T+1/Total |
Pre-launch Sales | 63,691,461 | 122,853,061 | 122,853,061 | 122,853,061 | 52% |
I Team, Advisors, Founders & Contributors | 29,465,786 | 193,716.690 | 193,716,690 | 193,716,690 | 16% |
Staking & Validator Reserve | 9,999,996 | 99,999,960 | 244,818,027 | 244,818,027 | 4% |
Community Grants | 17,540,474 | 123,151,622 | 171,424,328 | 171,424,328 | 10% |
Operational Grants | 3,750,000 | 72,361,932 | 73,611,936 | 73,611,936 | 5% |
Initial Reserve | 60,000,000 | 60,000,000 | 60,000,000 | 120,000,000 | 50% |
Estimated Circulating Supply | 184,447,717 | 672,083,265 | 866,424,042 | 926,424,042 | 20% |
Total Allocated to Initial Reserve | 120,000,000 | 120,000,000 | 120,000,000 | 120,000,000 | 100% |
Total Allocated | 1,000,000,000 | ||||
III. Related Links
Whitepaper: https://celo.org/papers
Official Website: https://celo.org/
Blockchain explorer: https://explorer.celo.org/
Telegram: https://t.me/celoplatform
Twitter: https://twitter.com/CeloOrg
Discord: https://discord.com/invite/6yWMkgM
Youtube: https://www.youtube.com/channel/UCCZgos_YAJSXm5QX5D5Wkcw
Blog: https://medium.com/celoorg
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Huobi does not take responsibility for any resulting direct or indirect losses.
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