If you like it, thank you for following 😊
Long-term holding: three stars★★★
Growth potential: 4 stars★★★★
Celo is a blockchain protocol that aims to address some of the barriers to crypto asset adoption (user experience and volatility) by using phone numbers as public keys and issuing a native stable value token.
Celo aims to provide a new realm of financial solutions for mobile users and adopt a mobile-first approach to create a global financial ecosystem where end users can join the Celo ecosystem with just a mobile phone number.
Supply: 1 billion
Circulation: 512 million
Circulation rate: 51.2%
X Followers: 451,000
The Celo project attracted a lot of attention during the last bull market. At that time, its project track and vision were very good, and it was also invested by large institutions.
It also has its own stablecoin, CUSD, which is minted through Celo in a 1:1 manner.
Stable currency + finance as its core business
As far as the current cryptocurrency circle is concerned, various public chains have also begun to launch their own stablecoin systems, and it is not known whether there will be any latecomer projects in this field.
I personally still like it better, probably because it makes me profitable, let's wait and see what happens in the future.
Currency: #CELO
Type: Medium and long term
Buy point 1: 0.41
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Sell point 1: 0.79
Sell point 2: 1.24
Sell point 3: 2.32
