CELO is a proof-of-stake (PoS) token used for transaction fees and governance assets for the CELO community, which has a fixed supply and variable value. With CELO, you can help shape the direction of the CELO Platform, governance participation and related activities. In addition, CELO enables participation on the Platform, with the opportunity to earn rewards through network participation.
CELO aims at providing solutions that can be used by individuals with no knowledge of blockchain or cryptocurrencies . Their simple and highly user-friendly platform will be accessible by low cost devices that have limited internet access.
CELO is adopting a full-stack approach where each layer of stack is created keeping the above mentioned users in mind along with considering other stakeholders (e.g. nodes operators present in the network) who play a crucial role in enabling the end user experience.
LCX AG is a company founded in 2018 and registered in Liechtenstein No. FL-0002.580.678-2. LCX AG is regulated by the Financial Market Authority of Liechtenstein under the registration No. 288159 as a trusted technology service provider.
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