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Celo native asset

CELOCopy token address/mcUSD

#13
Price USD
$0.3489
Price
0.3489 mcUSD
Liquidity
$168K
FDV
$246.5M
Mkt Cap
$197.2M
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Txns180
Volume$2.3K
Makers
18
Buys103
Sells77
Buy Vol$1.6K
Sell Vol$713
Buyers15
Sellers13
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Pair created3y 5mo 3d ago
Pooled CELO241,777$84K
Pooled mcUSD84,371$84K
Pair
EXP
CELO
EXP
mcUSD
EXP
CELO
Celo native asset

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.