CELO/mCUSD Price Stats
The current price of CELO (CELO/mCUSD) on Ubeswap is $0.8259, the price is up +4.85% in the last 24 hours. Its 24-hour trading volume is reported to be at $53,986.75 with a total of 6,485 transactions. CELO/mCUSD contract address is 0xb460f9ae1fea4f77107146c1960bb1c978118816, with a Fully Diluted Valuation (FDV) of $548.19M and a liquidity pool of $408.63K.
About Celo native asset (CELO)
Celo enables participation on the Platform, with the opportunity to earn rewards through network participation. Celo’s stability mechanism and token economics are designed in such a way that demand for cGLD directly increases as demand for Celo Dollars (cUSD) and other stable value assets increases. cGLD is a native cryptographic digital asset created at the mainnet release of the Celo Platform. cGLD has no relationship to physical gold. cGLD is a utility and governance asset required to participate on the Celo Platform. Some uses include: Running a validator to secure and operate aspects of the Celo Platform Voting for validators working to secure and operate the Celo Platform Participating in governance decisions to influence the future of the Celo Platform Supporting applications on the platform cGLD forms part of the overcollateralized reserve that supports the Celo stable value assets (initially Celo Dollar or cUSD). The Celo Protocol automatically adds cGLD to the reserve whenever the Celo stable value asset supply increases.