{
  "url": "https://blockindex.ai/coin/celo",
  "name": "Celo",
  "links": {
    "github": "https://github.com/celo-org",
    "website": "https://celo.org/",
    "whitepaper": null
  },
  "dScore": 35,
  "market": {
    "priceUsd": 0.0610360295776789,
    "marketCapUsd": 36756572.80259772,
    "volume24hUsd": 1783241.98942687,
    "priceChange7dPct": 0.55669134,
    "priceChange24hPct": -2.27249838
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 1000000000,
    "circulating": 602211072,
    "circulatingPct": 60.2211072
  },
  "ticker": "CELO",
  "founder": "Rene Reinsberg, Marek Olszewski, Sep Kamvar",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:31.306507+00:00",
  "fairLaunch": true,
  "launchYear": 2017,
  "description": "Celo is a mobile-first blockchain platform founded in 2017 with a mission to advance financial inclusion through easy-to-use, low-bandwidth mobile payments and stablecoin-backed value rails. The protocol is centered on a fixed-supply governance asset (CELO) and a suite of Mento-issued stable assets (cUSD, cEUR, cREAL) intended to facilitate everyday commerce and remittance flows on mobile devices. From its inception the project emphasized accessibility: lightweight client synchronization (Plumo), social-payment primitives that map phone numbers to wallet addresses, and integration-ready mobile wallets such as Valora. These design choices are combined with explicit environmental goals; the project describes itself as carbon-negative and has pursued ReFi-oriented reserve allocations within the Mento protocol.\n\nTechnically, Celo offers an EVM-compatible runtime optimized for mobile clients and an on-chain governance model where CELO holders stake and vote on protocol-level proposals. Historically launched as a native Layer-1 mainnet on April 22, 2020, Celo subsequently undertook a migration and architecture shift and is described in the provided materials as operating as a Layer-2 secured by Ethereum (migration completed March 26, 2025). The platform supports validator-based proof-of-stake consensus with validators run by a mixture of infrastructure providers including major cloud and telecom organizations. Developer resources are publicly available on GitHub and docs.celo.org, and the ecosystem includes off-chain data integrations through oracles such as Chainlink and Pyth, analytics dashboards on Dune and Artemis, and explorer services like explorer.celo.org and celoscan.io.\n\nCelo’s primary use cases include low-friction mobile payments, stablecoin commerce through the Mento Reserve, remittances, and regionally-focused financial services built by web3-native teams and local partners. The ecosystem claims growth across many countries with hundreds to thousands of projects building on the network. Real-world utility is emphasized through partnerships, localized on-ramps, and app-level UX improvements: Valora and other wallets provide phonebook-style sending and fiat on/off ramps to encourage mainstream adoption. Cross-chain bridges (Axelar, Multichain references) and ERC-20 representations of CELO support liquidity and exchange listings across major centralized exchanges (Coinbase, Binance, Kraken, etc.) and leading DEX platforms, facilitating seamless trading and on-chain composability.\n\nTokenomics for CELO are straightforward on the surface: a fixed maximum supply of 1,000,000,000 CELO and a circulating supply snapshot reported at approximately 589.48 million CELO in the provided materials (~58.95% of max supply). Staking and on-chain governance are core economic levers; holders can delegate or run validators to earn rewards and participate in governance. The Mento Protocol manages the issuance and backing of Celo-native stable assets with plans to incorporate natural-capital-backed assets as part of a multi-year reserve composition strategy. Details commonly associated with initial distribution percentages (premine/PIP) are not explicitly documented in the provided extracts, and DevFund allocations or post-launch emission splits were not delineated in the supplied files.\n\nGovernance is explicitly on-chain: CELO token holders and validators participate in proposal and voting mechanisms that steer protocol upgrades, reserve decisions, and ecosystem funding. The project is associated with organizational entities (Celo Foundation and cLabs) that coordinate development, outreach, and ecosystem support while governance authority ultimately rests with token-holding participants. Recent major milestones documented in the supplied materials include the mainnet launch (April 22, 2020), an ATH on August 30, 2021, a multi-stage migration and L2 transition completed in 2025, and subsequent protocol upgrades such as the Jello hardfork. The combined picture is of a deliberate, mobile-centered platform with ambitious ReFi goals, active on-chain governance, and a wide set of tooling and services aimed at improving discoverability and developer experience.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": false,
    "consensus": "PoS",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 10,
    "governance": 25,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Centralized Leaning"
}