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Last historical data: 2021-01-22T08:14:05.000Z
Decimal places: 0
Country origin:
Genesis date:
Liquidity score: 39.389
Publi interest score: 0.012
Community score: 7.969
Developer score: 77.703
Coingecko score: 29.057
Market cap rank: 0
Coingecko rank: 384
Alexa rank: 110136
Bing matches: 0
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.